Infosys, one of the India's leading software exporters, witnessed a rise in share price on Friday as the company is going to announce its third quarter earnings today.
For the second quarter the company a rise of 28.62% growth in consolidated net profit to Rs 30.96 billion for the quarter ended Sept. 30, 2014 as compared to Rs 24.07 billion in the same period last year. On quarter on quarter basis, it posted a rise of 7.28% in the net profit. Market was expecting profit to come at Rs 29.85 billion.
Revenues has increased to Rs 133.42 billion for the quarter ended Sept. 30, 2014 from Rs 129.65 billion for the quarter ended Sept. 30, 2013, representing an increase of 2.91%. On quarter on quarter basis, it posted a rise of 4.48% in the revenues.
Shares of the company are trading at Rs 1,977.25, up Rs 2.7, or 0.14% at the Bombay Stock Exchange (BSE) on Friday at 10:24 a.m.
The scrip has touched an intra-day high of Rs 1,996.55 and low of Rs 1,962.00. The total volume of shares traded at the BSE is 61,189.