Stocks of Indian IT companies took a huge hit in May, but Infosys seems to be doing fine.
Q2 earnings at the Bangalore-based services giant were up 42 percent over the same period last year, to $746 million, according to its quarterly report out today.
Earnings per share were 36 cents, up from 25 cents a year ago.
Next year’s growth was forecasted to be around 41 percent, surpassing $3 billion in sales.
Infosys also increased its workforce by 7,741, growing to 66,150 — nearly as big as Microsoft.
One project that boosted the quarter: Helping a big but unnamed U.S. cable company develop quadruple-play services — cable, telephony, wireless and broadband.
Here’s a look at how INFY has pulled back from the May downturn.