Infosys quarterly profit up 15.3 percent, maintains revenue growth forecast
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.