NEW DELHI (AP) - Indian software company Infosys Technologies Ltd. said Tuesday its January-March net profit rose 9.2 percent from a year ago.
It was the slowest growth rate ever for Infosys, which has been hit by a slowdown in the U.S. economy, its main market, analysts said.
Profits rose to 12.49 billion rupees ($312 million) in the three months ended March 31, from 11.45 billion rupees a year earlier, Infosys said in a statement.
But shares of India's second-largest software exporter rose after it forecast a higher-than-expected revenue growth of 19.2 percent to 21.2 percent in the fiscal year that began in April.
That raised hopes that the impact of an economic slowdown in the United States will be limited.
Revenues on the quarter soared 32 percent to $1.14 billion compared with $863 million during the same period last year. |