Infosys (INFY 57.06 +4.40) reported second quarter earnings of INR33.36 per share, INR0.06 better than the Capital IQ Consensus Estimate of INR33.30.
Revenues rose 16.6% year/year to $81.00 billion versus the $80.79 billion consensus. The company issued upside guidance for the third quarter with EPS of $0.79-0.80 versus the $0.75 Capital IQ Consensus Estimate and revenues of $1.802-1.840 billion versus the $1.74 billion Capital IQ Consensus Estimate.
The company issued upside guidance for fiscal year 2012 with EPS to $3.02-3.06 from $2.88-2.92 versus the $2.89 Capital IQ Consensus Estimate. The company also lowered fiscal year 2012 revenues to $7.08-7.20 billion from $7.13-7.25 billion versus the $7.08 bln Capital IQ Consensus Estimate.






