July 12 Infosys, India's
second-largest software services exporter, posted a 3.7 percent
year-on-year increase in its first-quarter net profit, matching
estimates, after contract wins and foreign exchange gains
Consolidated net profit for the quarter ended June 30 rose
to 23.74 billion rupees from 22.89 billion rupees in the same
year-ago period, Bangalore-based Infosys said on Friday.
The profit compares with the 23.3 billion rupee average of
18 analyst estimates according to Thomson Reuters I/B/E/S for
the company, whose customers include Bank of America, BT Group,
Procter & Gamble Co and Volkswagen AG.
Infosys also maintained its forecast for 6-10 percent
revenue growth for the current 2013/14 financial year.