Share “Infosys quarterly profit up 15 percent”

Infosys quarterly profit up 15 percent

Published on NewsOK Modified: July 11, 2014 at 1:52 am •  Published: July 11, 2014

MUMBAI, India (AP) — Indian outsourcing company Infosys reported a 15 percent increase in quarterly profit and maintained its revenue growth forecast.

The company said Friday its April-June quarter profit of $482 million was up 15.3 percent from a year earlier.

The information technology outsourcing giant has gone through a succession of management changes, culminating with the naming of Vishal Sikka as chief executive officer. Sikka is a former board member of technology company SAP AG. He is the first outsider to hold the CEO job at Infosys.

The company reported revenue of $2.1 billion. It maintained its forecast for full-year revenue growth at 5.6-7.6 percent.

The quarterly profit was down 1 percent from the January-March quarter as Infosys faces higher wages to keep talent and pricier visas for its employees in the U.S.

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