Investing.com - Infosys (NYSE:INFY) ADR reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Infosys ADR announced earnings per share of 0.17 on revenue of 3.78B. Analysts polled by Investing.com anticipated EPS of 0.1668 on revenue of 3.71B.
Infosys ADR shares are up 24.19% from the beginning of the year, still down 2.12% from its 52 week high of 21.50 set on June 25. They are outperforming the EUR/USD which is down 0% from the start of the year.
Infosys ADR follows other major Technology sector earnings this month
Infosys ADR's report follows an earnings beat by Adobe on June 17, who reported EPS of 3.03 on revenue of 3.84B, compared to forecasts EPS of 2.81 on revenue of 3.73B.
Oracle had beat expectations on June 15 with fourth quarter EPS of 1.54 on revenue of 11.23B, compared to forecast for EPS of 1.31 on revenue of 11.02B.
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