Indian software outsourcing giant Infosys released Friday slightly higher quarterly profit and sustain its revenue growth forecast, despite the weakening rupee and their employees about the U.S. visa of uncertainty.
Infosys' shares on the Bombay Stock Exchange rose 12 percent after the company adhere to its March 2014 revenue growth of the fiscal year ending 6-10% forecast. Some analysts had predicted that Infosys will reduce the forecast.
The company said the April-June quarter profit rose 0.5 percent from the same period last year, $ 418 million.
This is the first earnings report since co-founder of Infosys NR Narayana Murthy back as executive chairman in June. Last year, the company's performance disappointing, lower margins and slower growth forecast, so a more positive outlook on Friday, welcomed by investors.
Infosys is India's $ 10.8 billion outsourcing industry has been from the United States and Europe, a leader in customer demand weakness. The industry also is closely watching the provision in U.S. immigration reform bill that would limit the number of IT workers a special visa.
"Despite facing an uncertain macro environment, changing regulatory system and a volatile currency environment, we have done well," CEO SD Shibulal said in a statement. He said he was the rest of the year "cautiously optimistic."
Indian rupee weakness - which has lost 12 percent of its value since May 1 - dragged down the company's dollar profits. In local currency terms, Infosys in June quarter net profit 2.37 billion rupees, an increase of 3.7%, beating analysts polled by FactSet accepting forecast 2.1% growth.
 



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