IT giant's shares go up by 11 percent
The first quarter of the current fiscal started on a promising note for India's second-largest IT firm Infosys Ltd. The Bengaluru-based company on Tuesday cheered the markets by posting a 4.5 percent sequential dollar-revenue growth, the highest in 15 quarters, sending the company's shares soaring by 11 percent. The announcement comes at a time when the IT firm's first non-founder CEO and managing director Vishal Sikka is scripting a recovery story of Infosys, which has lost its bellwether status over the last few years, and is now lagging behind peers.