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Infosys: Fiscal 4Q Earnings Snapshot

BANGALORE, India (AP) _ Infosys Ltd. (INFY) on Friday reported fiscal fourth-quarter profit of $580 million.

On a per-share basis, the Bangalore, India-based company said it had profit of 13 cents.

The results met Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 13 cents per share.

The business consulting services provider posted revenue of $3.06 billion in the period, beating Street forecasts. Nine analysts surveyed by Zacks expected $3.04 billion.

For the year, the company reported profit of $2.2 billion, or 51 cents per share. Revenue was reported as $11.8 billion.

Infosys shares have climbed 15 percent since the beginning of the year. The stock has increased 27 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INFY at https://www.zacks.com/ap/INFY