News: Bellwether returns? June quarter sales show Infosys could bounce back

C-Suite

Bellwether returns? June quarter sales show Infosys could bounce back

Infosys reported better-than-expected performance during the April-June quarter, indicating that the company is likely on a bumpy road to recovery, Economic Times reported.

Infosys reported better-than-expected performance during the April-June quarter, indicating that the company is likely on a bumpy road to recovery, Economic Times reported.

At 2.7% sequential growth in dollar-denominated revenues, sales for India's second-largest software service exporter were well above even the most bullish estimates. Not unlike the past few quarters, analysts' estimates were off the mark by a wide margin and the stock market reacted wildly, sending its shares soaring nearly 11%.
Read the full ET report here
 

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Topics: C-Suite, #Updates, #Corporate

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