RTTNews | Jul 14, 2021 08:12AM EDT

08:11 Wednesday, July 14, 2021 (RTTNews.com) - Shares of Infosys Limited (INFY) are up more than 3% in pre-market on Wednesday following first quarter results.

The company's net profit increased to $704 million or $0.17 per share in the first quarter from $558 million or $0.13 per share in the same quarter a year ago. On average seven analysts polled by Thomson Reuters expected the company to report earnings of $0.17 per share for the quarter. Analysts estimates typically exclude special items.

Revenue for the quarter grew 21.2% to $3.782 billion from $3.121 billion last year. The consensus estimate was for $3.69 billion.

INFY closed Tuesday's trade at $21.05. The stock is currently at $21.75.

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