Infosys Q2 profit rises 7.5 per cent

A Reuters poll had estimated a profit of Rs 15.11 billion for Infosys,which counts Goldman Sachs,BT Group,and BP Plc among its clients.

India8217;s nearly 60 billion outsourcing sector has been hit in the global economic downturn as its core financial clients slam the brakes on technology spending and demand sharp price cuts.

Indian firms are also facing rising competition from the likes of IBM and Accenture,who have raided their home turf as they look for growth outside their mature markets.

Shares in Infosys,valued at about 28 billion,jumped 30 per cent in July-September versus a 39 per cent jump in the sector and a 18 per cent rise in the broader market.