Infosys gains 3% post September quarter earnings

The stock was up 3.5% to Rs 721 on the BSE in early morning trade.

Shares of Infosys was up 3.5% to Rs 721 on the BSE in early morning trade after the company reported a mixed performance with a strong revenue beat but disappointing margin performance for the second quarter of the current financial year 2018-19 (FY19).

In the second quarter ended September 30, 2018 (Q2FY19), Infosys' revenue and net profit were ahead of analysts' expectation. The company reported Rs 41.1 billion in net profit, a growth of 10.3%, compared to the year-ago period. Net profit grew 13.78% sequentially.

Revenue for the period, at Rs 206.09 billion, showed a healthy growth rate