, the Indian tech outsourcer whose shares are up nearly 200% in two years, reported a 47% jump in second-quarter earnings Tuesday, matching estimates.
Bangalore-based Infosys earned $122 million, or 43 cents per American depositary share, in the quarter, compared with $83 million, or 31 cents per ADS, a year ago. Revenue shot up 42% from a year ago to $476 million. Analysts had been forecasting earnings of 43 cents a share on sales of $463.3 million.
The company said it added 36 new clients during the quarter while total employment was 39,806 at June 30, up a net 3,056 from the end of the first quarter.
For the current quarter ending Sept. 30, Infosys expects to earn 46 cents or 47 cents per ADS on revenue of $506 million to $509 million. Analysts were expecting earnings of 46 cents on sales of $504.4 million.
For the year, the company sees earnings of $1.96 to $1.99 per ADS on sales of $2.06 billion to $2.08 billion. Analysts were forecasting earnings of $1.97 a share on sales of $2.1 billion.
The soft full-year sales guidance sent the stock down $2.83, or 3.6%, to $75 on Instinet.