Infosys, India's second largest software exporter, surprised the street with better-than-expected net profit while revenues were in line.
The company reported a net profit of Rs 2,886 crore for quarter ended June 2014, down 3.5 per cent, compared to Rs 2,992 crore in the previous quarter. ET expected Q1 PAT to be at Rs 2,653 crore.
Sales in remained stagnant at Rs 12,770 crore, down 0.8 per cent, as compared to Rs 12,875 crore.
The company reported a net profit of Rs 2,886 crore for quarter ended June 2014, down 3.5 per cent, compared to Rs 2,992 crore in the previous quarter. ET expected Q1 PAT to be at Rs 2,653 crore.
Sales in remained stagnant at Rs 12,770 crore, down 0.8 per cent, as compared to Rs 12,875 crore.
The Bangalore-based IT major sees its dollar revenue for 2014-2015 growing at 7-9%.
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