Tuesday, 12 July 2011

2nd UPDATE: Infosys First Quarter Net Profit Rises 16%, But Gives Tepid Outlook

Image representing Infosys Technologies as dep...Image via CrunchBaseInfosys expects operating margin to remain flat in 2Q, decline 250 basis points this fiscal year

--Infosys expects to hire 12,000 staff on a gross basis in the current quarter

(Updates share price in paragraph 10, adds analyst's comments in paragraph 11, executive comment in paragraph 18.)

By Rumman Ahmed and Dhanya Ann Thoppil

Of DOW JONES NEWSWIRES

MYSORE, India (Dow Jones)--Software exporter Infosys Ltd. (500209.BY) reported Tuesday its fiscal first-quarter net profit rose 16% from a year earlier, marginally lower than analysts' expectations, but its shares fell as the company gave a muted outlook weighed by economic uncertainties in ...

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