Infosys reports better-than-expected Q4 results

Software services exporter Infosys on Monday reported better-than-expected rise in margins and profit for the quarter ended March 31, 2014. The second largest software services exporter of India announced that its net profit of Rs 2,992 crore for the January to March quarter of FY2014, up 25 per cent from the corresponding quarter of the previous year. Quarter-on-quarter growth in net profit stood at 4 per cent. Analysts had projected a net profit of Rs 2,835 crore for the company’s fourth fiscal quarter. read more

[via Stock Watch – Stock Specific News]