MUMBAI, India (AP) Indian IT outsourcing giant Infosys posted higher quarterly profit and raised its revenue projection for the year after gaining more than 50 international clients.
Shares of the Bangalore-based company surged by 3 percent Friday after it reported net profit of $463 million, up 6.7 percent for the October to December quarter. It raised its revenue growth outlook for the financial year ending March to between 11.5 and 12 percent, up from 9-10 percent.
The company said it added 54 new clients during the quarter.
The robust performance raised hopes that Infosys is regaining its footing under chairman N.R. Narayana Murthy, a founder of the company who was brought back last year.
Under Murthy, the company has been restructuring and cutting costs.
This story has been automatically published from the Associated Press wire which uses US spellings