Nifty Tips
Infosys Updates :-
For a long time, neither Infosys nor IIP numbers have been able to positively influence the market. The results will be closely watched to get a view on the sector outlook too. The seasonally weak quarter for the tech sector is not really expected to spring up pleasant surprises.
IT bellwether Infosys has reported higher than expected numbers on all parameters in the third quarter ended December 2012. Net profit fell 4.4 percent quarter-on-quarter to Rs 2,265 crore in the quarter. Revenues rose by 5.74 percent to Rs 10,424 crore, beating analysts expectations by a small margin. Analysts on an average were expecting net profit of Rs 2,255 crore and revenues at Rs 10,090 crore.
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