Infosys shares jump over 4% after better than expected Q2 earnings

Shares of Infosys on Thursday jumped over 4 per cent after the company reported a better-than-expected 12 per cent rise in its second-quarter net profit.

The stock gained 4.40 per cent to Rs 1,784.05 on the BSE.

At the NSE, it jumped 4.35 per cent to Rs 1,783.60.

“Reported strong financial performance with both revenue and EBIT margin above estimates. The deal booking remains strong and would support growth momentum,” according to a report by YES Securities on Q2 FY22 result update on Infosys.

Infosys Ltd, India’s second-largest IT services company, on Wednesday reported a better-than-expected 12 per cent rise in its second-quarter net profit on more contracts from global businesses, a reason that also led to raising its annual revenue outlook.