Investing.com - KPIT Tech reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
KPIT Tech announced earnings per share of ₹3.06 on revenue of ₹7.45. Analysts polled by Investing.com anticipated EPS of ₹3.08 on revenue of ₹7.36B.
KPIT Tech shares are down 24.32% from the beginning of the year , still down 11.15% from its 52 week high of ₹801.00 set on Monday, January 10, 2022.
KPIT Tech follows other major Information Technology sector earnings this month
KPIT Tech's report follows an earnings beat by Tata Consultancy on Monday, October 10, 2022, who reported EPS of ₹28.5 on revenue of ₹553.09B, compared to forecasts EPS of ₹28.46 on revenue of ₹550.82B.
Infosys had beat expectations on Thursday, October 13, 2022 with second quarter EPS of ₹14.34 on revenue of ₹365.4B, compared to forecast for EPS of ₹14.2 on revenue of ₹365.67B.
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