RTTNews | Oct 13, 2021 07:59AM EDT

07:59 Wednesday, October 13, 2021 (RTTNews.com) - Shares of Infosys Limited (INFY) are up more than 5% in pre-market trade on Monday following second-quarter results.

The IT major reported net income of $733 million or $0.17 per share in the second quarter, higher than $653 million or $0.15 per share last year. On average, 8 analysts polled by Thomson Reuters expected the company to report earnings of $0.17 per share.

Revenue for the quarter increased to $3.998 billion from $3.312 billion in the same quarter a year ago. The consensus estimate was for $3.91 billion.

Looking forward, the company has raised its full-year revenue guidance to 16.5%-17.5% growth. This compares with the consensus estimate of $16.4%.

"Our stellar performance and robust growth outlook continue to demonstrate our strategic focus and the strength of our digital offerings. As we witness a strong market opportunity with global enterprises rapidly accelerating their digital journeys, our sustained investments in expanding capabilities, including thedifferentiated cloud play, Infosys CobaltTM, has uniquely positioned us to continue serving our clients effectively, gain market share and emerge as the preferred cloud and digital transformation partner in the market.", said Salil Parekh, CEO and MD.

INFY closed Tuesday's regular trading at $21.88, up 0.27%. The stock is currently at $23.

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