© Reuters. FILE PHOTO: An employees walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore, February 28, 2012. REUTERS/Vivek Prakash/File Photo
BENGALURU (Reuters) – Shares of Indian IT major Infosys (NYSE:) Ltd rose as much as 4.6% to a one-month high on Friday, after it raised revenue outlook and announced a $1.13 billion share buyback.
The Bengaluru-based firm now expects 15%-16% revenue growth in the fiscal year ending March, compared with 14%-16% earlier.
It reported a better-than-expected 11% rise in second quarter profit on strong margin expansion and outsourcing order wins.
The shares marked their sharpest intraday percentage gain since May 30.
($1 = 82.2240 Indian rupees)