IT major Infosys announced its second quarter result ended September 30, 2013. Bangalore based IT firm reported  a 1.6 % rise in consolidated net profit to Rs 2,407 carore vs Rs 2,369 carore in the same quarter of last year. Consolidated quarterly revenue was up 31.5 % to Rs 12,965 crore from Rs 9,858 carore in the year-ago period. while Earnings suffered from a Rs 219 cr. provision for "visa related matters".

 the company declared an interim dividend of Rs 20 per share. during this quarter company added 68  new cielents and now total clients are 873.
After better than expected result Infosys's shares opend arround 3360 or 7% up but after opening it has come down to 3220 but now it is trading at 3288.05 up by 5.25%, other IT stocks like Wipro,TCS and HCL Tech are also in top gainers..

 India's second largest software company which had kept its US dollar revenue guidance unchanged after the first quarter results, this time revised it upwards to 9-10%for the 2013-14 fiscal from 6-10%.

it has also revised rupee revenue guidance to 21-22 % for the 2013-14 fiscal from 13-17 % earlier. In dollar terms.

  S.D. Shibulal, CEO and Managing Director. of Infosys said "During the quarter we witnessed broad-based volume growth, robust client additions, five large deal wins and increased sales momentum of our big data and cloud offerings. This growth is a result of our focus on execution, which helps our clients achieve their objectives.We will continue with planned investments and initiatives to explore new avenues of growth. We remain watchful of the sustainability of improving global economic fundamentals".

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