BANGALORE: Infosys Technologies Ltd., India's second-largest software exporter, on Thursday beat forecasts for quarterly earnings helped by a surge in outsourcing.
Nasdaq-listed Infosys said on Thursday its net profit was 9.83 billion rupees ($220 million) in the three months ended December.
A Reuters poll of analysts at 10 brokerages had expected Bangalore-based Infosys, whose clients include ABN AMRO and Goldman Sachs, to post a net profit of 9.785 billion rupees on revenue of 36.89 billion.
India's booming software and back-office services industry, which earns 90 percent of its revenue from overseas clients, expects exports to rise 27-30 percent to $29-$31 billion in the year to end-March.
Shares in Infosys rose 21 percent in the December quarter, in line with the increase in IT sector index and almost double the main Mumbai index's gain.