Infosys shares rose nearly 6 percent in early trading on Monday after the software services exporter raised its revenue forecast for the year.

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Infosys increased its revenue growth guidance for FY20 to 8.5-10 percent in constant currency. In April quarter, Infosys had said it expected revenue growth of 7.5-9.5 percent in FY 2019-20.

India’s second-biggest software services company reported a 5.2 percent rise in its first-quarter consolidated net profit to Rs 3,802 crore. A CNBC-TV18 poll had predicted a profit of Rs 3,702 crore for the quarter under review.

Revenue from operations grew 14 percent to Rs 21,803 crore in the April-June quarter compared with Rs 19,128 crore in the year-ago period, Infosys said in a BSE filing.

At 9.22 AM, Infosys' stock price was trading 4.06 percent up at Rs 756.25 per share, while the Nifty 50 rose 0.44 percent at 11,602.95. So far this year, the stock rose nearly 15 percent.