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India’s second largest software exporter, Infosys Technologies beat forecasts with a 25 per cent rise in December quarter profit, helped by strong demand from Europe and a tax refund. Infosys, whose clients include ABN AMRO and Goldman Sachs, raised its earnings guidance for the fiscal year to March and said it saw several growth opportunities in a tough business climate, helping its share rise as much as 3 per cent, reports Times of India.  

“We believe the IT spending environment will be favourable to large offshore players like us, even though the macro environment is challenging,” Ashok Vemuri, head of banking and capital markets at Infosys, said in a statement on Friday.

The company may have registered a 25% increase, but historically the third qurater was seasonally weak. 

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