New York, July 11: Shares of Indian IT bellwether Infosys Technologies shot up nearly 4 per cent on the Nasdaq today after the company posted better-than-expected quarterly results. The scrip climbed 3.71 per cent to USD 35.77 in the morning trade on the Nasdaq.
At the current value, the firm has a market capitalisation of about USD 20.49 billion. Infosys reported a 17.28 per cent growth in consolidated net profit at Rs 1,527 crore for the first quarter ended June 30, 2009.
The entity had a net profit of Rs 1,302 crore in the first quarter of the previous fiscal. Meanwhile, the US stocks were trading flat amid rising concerns over an early economic recovery.
The benchmark Dow Jones Industrial Average quoted at USD 8,139.64 points while the broad-based S&P 500 was at 879.73 points. The tech-heavy Nasdaq Composite was trading at 1,755.98 points.
Adding to the gloom, latest data showed that consumer confidence declined more-than-expected this month.
-PTI