MUMBAI, Jan 14: Shares of Infosys today surged more than 5 per cent in morning trade after the company reported better-than-expected set of numbers for the December quarter.
Country’s second-largest software firm Infosys today reported a 6.6 per cent growth in its consolidated net profit at Rs 3,465 crore for the third quarter of the current fiscal.
Reacting to the numbers, shares of the company opened at Rs 1,068, then jumped 5.30 per cent to touch an early high of Rs 1,139.80.
Similar movement was seen on the NSE as well where the stock opened at Rs 1,066.00, then gained further momentum and surged 5.34 per cent to touch an early high of Rs 1,141.35.
Good traction was seen on the volume counter as well, as over 6.65 lakh shares got traded on the BSE while 71.64 lakh shares exchanged hands on the NSE.
The uptick in the counter was despite the fact that the broader market was trading in the negative territory.
The 30-share benchmark index Sensex was trading at 24,605.32, down 248.79 points at 1026 hours.
The consolidated revenues in the third quarter rose 15.2 per cent to Rs 15,902 crore from Rs 13,796 crore in the year-ago period, the company said.
The IT major also revised its current fiscal constant currency revenue guidance upwards to 12.8-13.2 per cent. It had, in October 2015, forecast a revenue growth of 10-12 per cent in constant currency.
“Alongside grassroots innovation, we continue to see growing adoption of our Aikido services, bringing the power of intelligent systems, automation and software to amplify the skills and imaginations of our people,” Infosys CEO and Managing Director Vishal Sikka said. (PTI)
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