Infosys (INFY) this morning reported better-than-expected results for its fiscal second quarter ended September 30. The Indian IT outsourcing company posted revenue of $1.496 billion and profits of 65 cents per ADS; the Street had expected $1.43 billion and 61 cents.
For FY Q3, the company sees revenue of $1.547 billion to $1.562 billion and profits of 66-67 cents per ADS; that’s above the old consensus of $1.47 billion and 64 cents.
For the March 2011 fiscal year, INFY sees revenue of $5.95 billion to $6 billion, and profits of $2.54 to $2.58 per ADS; that’s higher than the old Street view of $5.79 billion and $2.50.
Nonetheless, INFY is down $2.36, or 3.3%, to $68.65.
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