Infosys net profit rises 4.7% in Q2, misses Street estimates

Infosys, India’s second-largest IT company, posted a 4.7% increase in September quarter net profit to Rs 6,506 crore, slightly below market estimates, from the year earlier. Some deal ramp-ups and an uptick in the key vertical of financial services lifted profit and revenue, which rose 5.1% from the year earlier and 4.2% from the preceding quarter, to Rs 40,986 crore.