The announcement matches estimates and confirms that the software industry might be rebounding after contract wins and foreign exchange gains boosted earnings. The company said profit for the April-June quarter rose 0.5 percent from a year earlier to $418 million.
Infosys also maintained its forecast for 6-10 percent revenue growth for the current 2013/14 financial year. It was the first earnings report since Infosys brought back co-founder N.R. Narayana Murthy in June as executive chairman. The company’s last results disappointed with lower profits and a subdued growth forecast, so today’s better outlook was welcomed by investors.