Bengaluru: Infosys Ltd, India’s second-biggest software services exporter, reported a surprise 3.3% rise in second-quarter profit, beating analysts’ estimates.
Profit rose to Rs3,726 crore ($573.03 million) in the three months ended 30 September, from Rs3,606 crore a year earlier, Infosys said on Tuesday.
Analysts on average had expected a net profit of Rs3,523 crore, according to Thomson Reuters data.
Revenue from operations rose 1.5% to Rs17,567 crore.
The results are the first since Vishal Sikka quit Infosys as CEO in August after a lengthy feud between the board and the company founders that also led to a reorganisation of the board. Nandan Nilekani, a co-founder and a former CEO, was named chairman with the company continuing to search for a new CEO. Reuters