Infosys shares rise on higher revenue guidance

Reuters Updated - January 19, 2018 at 04:03 PM.

Shares of Infosys rose today on higher revenue guidance.

The technology and consulting company shares rose as much as 5.35 per cent, to its biggest single-day percentage gain since July 21.

The stock was up versus 1.3 per cent decline in main index.

The company has raised FY16 revenue forecast to 12.8-13.2 per cent in constant currency terms from 10-12 per cent.

Q3 consolidated net profit rose 6.6 per cent to Rs 3,465 crore; analysts had expected a net profit of Rs 3,353 crore.

Published on January 14, 2016 05:10