Infosys Ltd, India's second-largest software services exporter, posted a 13 percent rise in quarterly net profit on January 09, beating estimates, as it won more outsourcing contracts from Western clients. Infosys, which provides IT services to clients including Apple Inc, Wal-mart Stores and Volkswagen , said profit in the quarter ended December 31 rose to 32.50 billion Indian rupees ($520.9 million) from 28.75 billion rupees in the same year-ago quarter.
Infosys, which has been losing market share and battling high staff attrition rates in the last few quarters, is looking to boost growth by focusing on high-margin services including artificial intelligence and automation.
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