Infosys Shares Jump as Dollar Sales Forecast Beats Estimates
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Infosys Ltd. surged the most in six months in Mumbai trading after first-quarter profit rose and the company’s sales forecast in dollar terms beat analyst estimates.
Infosys expects dollar revenue to increase by 6 percent to 10 percent in the 12 months ending March, unchanged from its April forecast, India’s second-largest software exporter said in a statement today. Ten analysts in a Bloomberg News survey predicted Infosys to cut the top end of its guidance range to