The share price of Infosys has jumped after the company revealed it is maintaining its revenue forecasts at their current levels.
It was announced by the firm that it made a net profit of 23.8 billion rupees (£262 million) in the April to June quarter, which is when co-founder Narayana Murthy returned as chairman.
The profits represent a rise of 3.7 per cent on a year ago and the share price of the company has rocketed in recent weeks since the comeback of Mr Murthy.
"This is far better than what some people in the market were expecting," said Tarun Sisodia, a director at Chanakya Niti Pvt Limited in Mumbai.
Shares in the firm grew in value by as much as 12 per cent on the back of the latest data.
KV Kamath, the current chairman of the firm's board, explained that the return of Mr Murthy was necessary in order for the firm to undergo a "strengthening of the executive leadership during this challenging time".
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