Why Infosys Stock Just Jumped 9%
Infosys(INFY) The Motley Fool·2024-07-19 01:46
Infosys stock beat earnings today -- but it still isn't cheap enough to buy.Indian information technology giant Infosys (INFY 9.11%) exploded 9% higher through 1:10 p.m. ET Thursday after reporting strong earnings for its fiscal Q1 2025.Heading into the report, analysts forecast Infosys would earn $0.18 per share on $4.65 billion in sales. Infosys nailed the earnings target, and reported sales of $4.71 billion, beating on the top line and meeting on the bottom line -- and promising even better results in th ...