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Infosys profits increase 25pct in Q1
(MENAFN) Infosys, the Indian outsourcing giant, reported a surprising increase in profit by 25 percent, pushed mainly by European and US contracts, The Peninsula Qatar reported
The Nasdaq-listed firm proclaimed a net profit of over USD496 million in the first quarter of 2014, compared to USD395 million in the same period of 2013. Profits of Infosys were expected to hit USD464 million.
The Bangalore-based company, Infosys, said it gained 50 new clients in the last quarter, one of which is the Swedish carmaker Volvo.
Infosys chief executive said that his company is "firmly focused on building the growth momentum by making all the necessary investments in our business.
The Nasdaq-listed firm proclaimed a net profit of over USD496 million in the first quarter of 2014, compared to USD395 million in the same period of 2013. Profits of Infosys were expected to hit USD464 million.
The Bangalore-based company, Infosys, said it gained 50 new clients in the last quarter, one of which is the Swedish carmaker Volvo.
Infosys chief executive said that his company is "firmly focused on building the growth momentum by making all the necessary investments in our business.
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