Infosys Beats Sales, Raises Guidance And Stock Flies

By | January 14, 2016

Scalper1 News

Infosys (INFY) late Wednesday posted fiscal Q3 revenue that beat Wall Street revenue estimates and earnings that met views. The company also raised its guidance, giving investors what they needed to drive the stock up to a two-month high. The India-based outsourcing and IT service company, which competes with IBM (IBM), Accenture (ACN), Cognizant Technology Solutions (CTSH) and Wipro (WIT), said that its fiscal third quarter sales rose 8.5% to Scalper1 News

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