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  Business   Market  14 Jul 2017  Infosys shares surge post company's good performance

Infosys shares surge post company's good performance

PTI
Published : Jul 14, 2017, 12:30 pm IST
Updated : Jul 14, 2017, 12:30 pm IST

Infosys on Friday reported 1.3 per cent growth in consolidated net profit at Rs 3,483 crore for Q1 of 2017.

Infosys shares rose by over 3 per cent after the company posted 1.3 per cent growth in consolidated net profit in Q1. (Representational Image)
 Infosys shares rose by over 3 per cent after the company posted 1.3 per cent growth in consolidated net profit in Q1. (Representational Image)

New Delhi: Shares of Infosys on Friday rose by over 3 per cent after the company posted 1.3 per cent growth in consolidated net profit for the June quarter.

The stock gained 3.10 per cent to Rs 1,006.65 on BSE.  At NSE, shares of the company went up by 3 per cent to Rs 1,006.85.

Infosys, the second-largest IT exporter in the country, today reported 1.3 per cent growth in consolidated net profit at Rs 3,483 crore for the quarter ended June 30, 2017.

It had posted a net profit of Rs 3,436 crore in April- June of 2016-17, Infosys said in a BSE filing.

Revenue of the Bengaluru-based firm grew 1.7 per cent to Rs 17,078 crore in the June quarter as against Rs 16,782 crore in the year-ago period, it added.

Infosys maintained its revenue growth forecast for 2017-18 in the range of 6.5-8.5 per cent in constant currency and 7.1-9.1 per cent in US dollar terms.

Tags: infosys, nse, bse, net profit, stock market
Location: India, Maharashtra, Mumbai (Bombay)