Infosys Q1 profit Increased By 33%, Meets Forecast

India’s second largest software services exporter Infosys today announced their Q1 result.

The company met market expectations with 33% profit rise to Rs 2289 ($413 million) in first-quarter of FY 2012-13. Last year the revenue was Rs. 1720 crore at the same period. Analysts had earlier predicted a net profit of Rs 2300 crore in Q1 for Infosys.

However the company disappoints market by cutting revenue guidance in financial year 2013 to 5% to $7.343 billion.

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