Infosys Posts Best Sales Growth in 15 Quarters, Shares Jump 15% Tuesday July 21,2015

 

Infosys on Tuesday July 21,2015 posted its best dollar revenue growth in 15 quarters, leading to a 15% jump in its shares.

As of 09.59 a.m., Infosys shares traded 11% higher at Rs 1,111.

India's second biggest outsourcer said dollar revenues grew 4.5 % over the previous quarter, while volumes (a key barometer for demand) jumped 5.4 % sequentially, the highest in 19 quarters.

In constant currency terms, Infosys posted sequential revenue growth of 4.4 per cent, beating its bigger competitor TCS, which earlier this month reported a 3.5% constant currency revenue growth.

Infosys retained its annual sales guidance at 10-12 % in constant currency. In dollar terms, Infosys increased its guidance to 7.2-9.2 % in an indication that the company is more confident about its growth prospects as compared to the previous quarters.

In rupee terms, Infosys reported a net profit of Rs 3,030 crore on sales of Rs 14,354 crore. Analysts polled by NDTV expected the company to report a net profit of Rs 3,019 crore on sales of Rs 14,066 crore.

Infosys added 79 new clients in the quarter taking the total tally to 987 at the end of June 2015