Infosys surges over 5% on strong Q2 PAT, bonus shares - Economic Times

MUMBAI: Shares of IT major Infosys surged over 5 per cent in trade after the company beat PAT estimates and announced bonus shares in ratio of 1:1.

The company also maintained its FY15 revenue guidance at 7-9 per cent.

Infosys reported a consolidated net profit of Rs 3096 crore for the quarter ended September 30, up 7.27 per cent, from Rs 2886 crore in previous quarter. The net profit is better than ET Now poll estimate of Rs 2864.4 crore.

"Digital transformation is reshaping the business of every one of our clients. We see this as a great opportunity to help them renew the core of their business as well as to expand into new frontiers and are seeing early positive results, said Dr. Vishal Sikka, Chief Executive Officer and Managing Director. Our strategy is to apply the same principles to our own business in order to capture this opportunity and accelerate our growth, within our culture of lifelong learning and purposeful work."

EBIT margins improved to 26.1 per cent from 25.14 per cent, Q-o-Q.

Net sales in rupee terms increased to Rs 13,342 crore, up 4.4 per cent, from Rs 12,770 crore in previous quarter.

Net sales in dollar terms increased to $ 2,201 million, up 3.1 per cent, from $ 2133 in previous quarter.

At 09:45 a.m.; the stock was at Rs 3,845, up 5.47 per cent, on the BSE. It touched a high of Rs 3,858 and a low of Rs 3,600 in trade so far.

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