11:51 AM EDT, 07/18/2024 (MT Newswires) -- (Updates with latest stock movement in the headline and first paragraph.)

Infosys ( INFY ) shares rose 9% in recent trading Thursday after reporting higher fiscal Q1 earnings and revenue.

The company reported fiscal Q1 earnings of $0.18 per diluted share, up from $0.17 a year earlier.

Analysts polled by Capital IQ expected $0.18.

Revenue for the quarter ended June 30 was $4.71 billion, up from $4.62 billion a year earlier.

Analysts surveyed by Capital IQ expected $4.66 billion.

The Indian digital service provider said it now expects fiscal 2025 revenue growth of 3% to 4% in constant currency, compared with its previous guidance of a 1% to 3% rise.

Price: 22.39, Change: +1.86, Percent Change: +9.04