6 years, 3 months ago

Infosys Q3 results pack a punch

Shares of Infosys Ltd have risen 27% in the past year, outperforming the Nifty IT index’s 18% gain. The constant currency revenue growth of 10.1% from a year ago is notably higher than Street estimates. Importantly, Infosys also revised FY19 growth upwards by about 100 basis points. While the Infosys Q3 results were declared after Indian markets closed on Friday, the company’s American depository receipts rose more than 5% on the New York Stock Exchange. Cumulatively deal wins so far in FY19 stand at $4.7 billion, more than double the orders Infosys booked in the year-ago period.

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