India's second-largest software services exporter Infosys on Friday reported a 24 percent year-over-year rise in quarterly profit in line with forecasts however disappointing market expectations.
The company reported Rs. 9,860 crore in sales and Rs. 2,370 crore in net profit for the fiscal second quarter ending September 2012.
In the June quarter, Infosys had reported Rs. 9,616 crore in sales and Rs. 2,289 crore in net profit.
Despite robust sales and profit and retaining its full year dollar revenue guidance at 5 percent investors had expected Infosys to raise sales outlook especially following the acquisition of Swiss consultancy firm Lodestone.