India's Infosys June-quarter profit rises about 4 percent, misses estimates

© Reuters. The logo of Infosys is pictured inside the company's headquarters in Bengaluru© Reuters. The logo of Infosys is pictured inside the company’s headquarters in Bengaluru

(Reuters) – Infosys Ltd, India’s No.2 software services exporter, posted a 3.7 percent rise in quarterly profit on Friday, below market expectations.

Profit for the quarter ended June came in at 36.12 billion rupees ($527.49 million) versus 34.83 billion rupees a year ago.

Analysts, on average, had expected a net profit of 37.40 billion rupees, according to Thomson Reuters data.

The Bengaluru-headquartered company posted a 12 percent rise in revenue from operations to 191.28 billion rupees.

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