Infosys Cuts Annual Sales Growth Forecast; Profit Beats Estimate

Infosys Ltd., India’s second-biggest software exporter, cut its annual dollar sales growth forecast while reporting a 9.7 percent increase in quarterly profit.

Net income in the three months through Sept. 30 rose to 34 billion rupees ($525 million) from 31 billion rupees a year earlier, the Bengaluru-based company said in a statement. That compares with the estimate for a profit of 32.8 billion rupees in a Bloomberg survey.