Investing.com - Larsen & Toubro Infotech reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Larsen & Toubro Infotech announced earnings per share of ₹38.70 on revenue of ₹48.37. Analysts polled by Investing.com anticipated EPS of ₹37.29 on revenue of ₹47.66B.
Larsen & Toubro Infotech shares are down 16% from the beginning of the year, still down 38.00% from its 52 week high of ₹7,588.80 set on January 4.
Larsen & Toubro Infotech follows other major Information Technology sector earnings this month
Larsen & Toubro Infotech'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 Thursday 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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