Infosys (INFY) Gains 8% on In-Line Q1 Earnings, Solid Sales View
Infosys(INFY) ZACKS·2024-07-19 22:56
Infosys Limited (INFY) shares soared 8.4% on Thursday after the India-based IT services provider reported strong first-quarter fiscal 2025 results. The company’s upbeat sales guidance for fiscal 2025 also boosted investors’ confidence in the stock as it raised their hopes that the new trends in AI may boost IT spending and end a year-long slump in corporate tech spending.Infosys reported first-quarter fiscal 2025 earnings of 18 cents per share, which matched the Zacks Consensus Estimate. The bottom line imp ...