Home Business Infosys sets $1.13 billion share buyback, reports 11% growth in Q2 profit

Infosys sets $1.13 billion share buyback, reports 11% growth in Q2 profit

Infosys reports 11% growth in Q2 profit, sets share buybacks worth $1.13 billion

Bengaluru:

Indian software services giant Infosys Ltd on Thursday reported an 11% jump in second-quarter profit, helped by strong demand for its digital services.

The country’s second largest IT services company by revenue also approved share buybacks worth 93 billion Indian rupees ($1.13 billion).

Infosys’ consolidated net profit rose to Rs 60.21 billion ($731.19 million) for the three months ended September 30, from Rs 54.21 billion in the year-ago period. ($1 = 82.3450 Indian Rupees)

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