Infosys Q1 Net Profit Rises 5 Percent; Meets Forecasts

MUMBAI: Infosys Ltd(INFY.NS), India's second-largest software services exporter, reported a 5 percent increase in quarterly net profit, bolstered by a surge in demand for IT outsourcing services from clients in the United States, its biggest market.

Infosys, which provides IT services to clients like Apple Inc , Volkswagen AG and Wal-mart Stores Inc , posted 30.30 billion rupees ($475.85 million) in profit in the June quarter, up from 28.86 billion rupees a year ago.

Analysts, on average, were expecting it to post 30.20 billion rupees in net profit, according to Thomson Reuters data.