Infosys (INFY) Stock Gains Momentum With Excellent Q2 Performance

Today, INFY is recovering thanks to strong results in the second quarter. Last Friday, the worth plummeted 5% to $ 21.75. Until today, it had been fluctuating at this level and today the trading session was opened at $ 22.67. In obedience to market stats it has a market cap of 97.761B, and a trading volume of 2,716,247. Infosys (INFY), a global leader in technology, consulting, and digital services, released its Q2 results.

According to the report, the company beat financial earnings anticipations and raised its annual profit forecast almost to 17.5%. Growth was broad across geographic regions and segments, with the largest growth in North America at 23.1% and the largest segment in financial services at 20.5% year on year in constant currency. Proceeds from sales were $ 3998 million, which indicates an increase of 20.7%, whilst yield from digital technologies was 56.1% of total revenue. The operating margin was 23.6%, a decrease of 1.8%. Basic earnings per share were equal to $0.17, up 13.%.