Infosys, Wipro earnings ride robust demand for digital
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New Delhi, Jan. 14 -- Infosys Ltd and Wipro Ltd reported soaring quarterly sales and profit, leading a group of software services companies that have seen their businesses thrive because of a surge in demand for digital services that helped mitigate the unprecedented disruptions caused by the pandemic.
The companies beat analyst estimates on all fronts-guidance, revenue and profit-underpinned by demand for services such as digital transformation, cloud computing and cybersecurity.
Infosys, India's second-largest software services company, raised its revenue growth forecast to 4.5-5% for the year to 31 March from the 2-3% it had expected in the preceding quarter. It also upgraded its full-year operating margin forecast to 24-24.5% from 2...
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