MUMBAI
(Reuters) - Infosys Ltd, India's second-largest software services
exporter, posted a 13 percent rise in quarterly net profit on Friday,
beating estimates, as it won more outsourcing contracts from Western
clients.
Infosys, which provides IT services to clients
including Apple Inc, Wal-mart Stores and Volkswagen, said profit in the
quarter ended December 31 rose to 32.50 billion Indian rupees ($520.9
million) from 28.75 billion rupees in the same year-ago quarter.
Analysts, on average, were expecting a profit of 31.53 billion rupees, according to Thomson Reuters I/B/E/S.
Infosys,
which has been losing market share and battling high staff attrition
rates in the last few quarters, is looking to boost growth by focusing
on high-margin services including artificial intelligence and
automation.
The company won 59 new clients in the December quarter, it said in a statement.
($1 = 62.3925 Indian rupees)
(Reporting by Lehar Maan and Anya George; Writing by Nivedita Bhattacharjee; Editing by Miral Fahmy)
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