News Summary: Infosys profit rises in June quarter

News Summary: Infosys profit rises in June quarter, outsourcer sticks with sales forecast

Associated Press

THE NUMBERS: Infosys' profit for the April-June quarter rose 0.5 percent to $418 million. The company stuck by its revenue growth forecast of 6 to 10 percent for the year ending in March.

CONCERNS: The weak rupee and uncertainty about whether the U.S. government will limit visas for IT workers, such as its employees, have worried investors.

BACKGROUND: Infosys is a bellwether for India's $108 billion outsourcing industry, which has been hit by weaker demand from American and European clients.

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