Infosys Sets $1.13 Billion Share Buyback, Reports 11% Rise In Q2 Profit

Indian software services giant Infosys Ltd reported an 11% jump in second-quarter profit, helped by strong demand for its digital services.

Indian software services giant Infosys Ltd reported an 11% jump in second-quarter profit on Thursday, helped by strong demand for its digital services.

The country's second-largest IT services company by revenue also approved a share buyback worth 93 billion Indian rupees ($1.13 billion).

Infosys's consolidated net profit rose to 60.21 billion rupees ($731.19 million) in the three months ended Sept. 30, from 54.21 billion rupees in the year-ago period. ($1 = 82.3450 Indian rupees)