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Infosys Profit Up 43%
Updated from 8:45 a.m. EDT
Shares of Infosys (INFY Quote) popped on Wednesday after the company exceeded the Street's top- and bottom-line expectations for the quarter while raising its full-year guidance.
Stock in the Indian IT services firm jumped 6.5%, adding $5.09 to $83.10 in recent trading.
Infosys said first-quarter earnings rose 43%, as a falling rupee helped offset higher expenses. ...
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