Investing.com - Birlasoft reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Birlasoft announced earnings per share of ₹4.08 on revenue of ₹11.92. Analysts polled by Investing.com anticipated EPS of ₹4.12 on revenue of ₹12.13B.
Birlasoft shares are up 7% from the beginning of the year, still down 52.70% from its 52 week high of ₹585.85 set on January 10.
Birlasoft follows other major Information Technology sector earnings this month
Birlasoft's report follows an earnings beat by Tata Consultancy on October 10, who reported EPS of ₹28.5 on revenue of ₹553.09B, compared to forecasts EPS of ₹28.46 on revenue of ₹550.82B.
Infosys had beat expectations on October 13 with second quarter EPS of ₹14.34 on revenue of ₹365.4B, compared to forecast for EPS of ₹14.2 on revenue of ₹365.67B.
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