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Actionable news in INFY: INFOSYS TECHNOLOGIES LIMITED AMERICAN DEPOSITARY SHARES,

Infosys Stock Up ~4%: Will Earnings Depend On U.S. H1-B Visas?

Shares of India's information technology giant Infosys (INFY) were up 3.7% this week, but were flat in midday U.S. trading Friday after the company reported fiscal first quarter results.

The iShares MSCI India exchange-traded fund (INDA) was up 0.6% in recent trading. Shares of other Indian IT consultancies were higher, including Wipro (WIT), up 0.6%.

The Wall Street Journal reports Infosys' net profit rose 1.4% to 34.83 billion rupees ($540 million) in the quarter, versus 34.36 billion rupees a year ago. Revenue came in at 170.7 billion rupees, a rise of 1.8%. Ebitda margin contracted 18 basis points to 32.6% (earnings before interest, taxes, depreciation and amortization); the company maintained operating margin guidance of 23%-25% and revenue growth guidance of between 6.5%...


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