Infosys @ Latest News: Infosys reports 37% revenue jump

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Wednesday, July 13, 2005

Infosys reports 37% revenue jump

Technology bellweather Infosys Technologies Ltd on Tuesday reported lower than expected earnings for the first quarter of 2005-06 at Rs 531.92 crores, up 36.97 per cent year-on-year.

The company reported a rise in revenues by 36.52 per cent to Rs 2,071.59 crores. Though, the company raised its guidance, marginally, for the full year, the stock markets were not enthused, resulting in Infosys shares losing 4.12 per cent on the Bombay Stock Exchange, or BSE, on Tuesday to close at Rs 2,219.95.