Infosys shares gain on Q4 earnings optimism

Infosys had unexpectedly raised its sales forecast for the year ending March 31 to at least $7.45 bn.

Written by Reuters | Published: April 1, 2013 3:24:43 pm

Shares in Infosys Ltd gain 2 percent on optimism about its January-March quarter earnings due on April 12,dealers say.

In January,Infosys had unexpectedly raised its sales forecast for the year ending March 31 to at least $7.45 billion,including $104 million in additional revenue following its acquisition of Switzerland-based consultancy Lodestone Holdings on Sept. 10,2012.

However,other technology shares fall,with Tata Consultancy Services Ltd down 1.1 percent,after Accenture Plc reduced its revenue growth forecast on Thursday,as its consulting business continued to be hurt by a slowdown in corporate discretionary spending.

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