Indian outsourcers Infosys have business results which were much better than the cocaine nose jobs of Wall Street predicted.
Infosys posted a 13 percent rise in quarterly net profit, as it won more outsourcing contracts from Western clients than many thought possible.
Infosys, which provides IT services to clients including Apple, Wal-mart, and Volkswagen, said profit in the quarter ended December 31 rose to $520.9 million. Analysts, on average, were expecting a profit of $498.8 million.
It has been a tough year for Infosys. It has lost ground to competition and staff have been leaving the building so fast they have had to keep the doors open all the time.
The company has been boosting growth by focusing on high-margin services including artificial intelligence and automation.
The company won 59 new clients in the December quarter, it said in a statement.
