Infosys Technologies Earnings: Dividend Rises and Stock Pops 7%
Indian software and outsourcing giant Infosys Technologies (NASDAQ:INFY) beat analyst expectations and revised guidance when it declared FQ2 results today.
Quarterly profit was up 9.8% to 19.1 billion rupees versus the expected 18.7 billion. Revenue improved 16.5% to 81 billion rupees. The company’s forecast for revenues for the current financial year now stands at 335-340.9 billion rupees versus earlier guidance of 317.8-323.1 billion rupees.
The company declared an interim dividend of 15 rupees per share.
INFY (NASDAQ:INFY) is trading at $56.34 today, up 6.99%. Shares are down 23.61% in one year. The stock’s trading range for the year is between $46.12 and $77.92.