Infosys Posts Solid Q2 Results; Shares Pop 4%
October 14 2021 - 04:00AM
TipRanks
Infosys (INFY) delivered solid Fiscal 2022 Q2 results for the
period ended September 30, 2021, driven by broad-based growth
across geographies and segments. Additionally, the company has
raised its revenue guidance for FY22, affirming the strength of its
digital offerings. INFY shares rose 3.52% to close at $22.65 on
October 13. Together with its subsidiaries, Infosys offers
consulting technology and next-generation digital services in North
America, Europe, and India. It bills itself as a leader in
next-generation digital services and consulting. Fiscal Q2 revenue
was up 19.4% year-over-year and up 6.3% quarter-over-quarter to
$3.998 billion, beating consensus estimates of $3.91 billion. The
increase was driven by a 42.
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