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Infosys Q2 net profit up 6 percent on new client wins, beats estimates

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Reuters MUMBAI
Last Updated : Oct 14 2016 | 10:28 AM IST

MUMBAI (Reuters) - Infosys Ltd, India's second-biggest software services exporter, said on Friday its second-quarter net profit rose 6.1 percent, beating market expectations as it racked up new business client wins.

Consolidated net profit was 36.06 billion rupees ($542 million) for the fiscal second quarter ended Sept. 30, up from 33.98 billion rupees a year earlier, the company said in a statement.

Analysts had, on average, expected a net profit of 35.26 billion rupees, according to Thomson Reuters I/B/E/S.

($1 = 66.5919 Indian rupees)

(Reporting by Sankalp Phartiyal; Editing by Kenneth Maxwell)

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First Published: Oct 14 2016 | 10:20 AM IST

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