Infosys stock rises 11.05% on Q1 earnings

Shares of IT major Infosys rose over 9 per cent on Tuesday after the company reported a 5 per cent rise in its first quarter earnings.

The firm, which provides IT services to clients like Apple, Volkswagen AG and Walmart Stores, posted Rs 3,030 crore ($475.85 million) in profit in the June quarter, up from Rs 2,886 crore a year ago.

The company added 79 clients in the said quarter, signed six large deals with a total contract value of $688 million. Also, its volume growth stood at 5.4 per cent.

The company added 3,336 employees, taking its headcount to 1,79,523 employees as on June 30, 2015. Its attrition rate was at 14.2 per cent for the said quarter.

Shares of the company closed 11.05 per cent higher at  Rs 1,112.65 on the BSE.

(With inputs from agencies)