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Sunday, July 14, 2013

Infosys surges following earnings.

 Infosys' (INFY) FQ1 earnings topped expectations as net profit rose 3.7% to 23.74B rupees ($397M) and sales climbed 17.2% to 112.7B rupees. The Indian IT outsourcer maintained its forecast for 6-10% revenue growth in FY 2014 despite analyst concerns that it would cut its guidance. Shares jumped +10.9% in Mumbai.

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