Clipped from: https://www.deccanherald.com/business/business-news/infosys-jumps-on-upbeat-outlook-buyback-plans-1153470.html
The shares marked their sharpest intraday percentage gain since May 30
Credit: Reuters File Photo
Shares of Indian IT major Infosys Ltd rose as much as 4.6 per cent to a one-month high on Friday, after it raised its revenue outlook and announced a $1.13 billion share buyback.
The Bengaluru-based firm now expects 15 per cent-16 per cent revenue growth in the fiscal year ending March, compared with 14 per cent-16 per cent earlier.
It reported a better-than-expected 11 per cent rise in second-quarter profit on strong margin expansion and outsourcing order wins.
The shares marked their sharpest intraday percentage gain since May 30. ($1 = 82.2240 Indian rupees)
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