Shares of Infosys (INFY) are up $3.34, or 6%, at $56 after the company this morning beat fiscal Q2 earnings per share estimates, and forecast Q3 profit ahead of expectations, and projected the year’s results ahead of consensus.
Revenue in the three months ended in September rose 17% to $1.75 billion, yielding EPS of 72 cents. Analysts had been modeling $1.75 billion and 69 cents.
CEO S.D. Shibulal remarked that the “global macroeconomic environment is still uncertain,” and that it “is and should be a concern for the IT industry.”
For Q3, the company sees revenue in a range of $1.8 billion to $1.84 billion, and EPS of 79 cents to 80 cents. That is a little light on the top line compared to the average $1.85 billion estimate, but ahead of the average 75-cent EPS estimate.
For the year, the company sees revenue of $7.1 billion to $7.2 billion, and EPS of $3.02 to $3.06. That is ahead of the average estimate for $7.1 billion and $2.88 per share.
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