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Why Infosys Stock Popped Today

Why Infosys Stock Popped Today

Shares of Infosys (NYSE: INFY) have popped today, up by 12% as of noon EDT, after the company reported fiscal first-quarter earnings results. The outsourcing specialist beat expectations for both the top and bottom lines and operating margin expanded. The technology outsourcing company also said its operating margin expanded by 220 basis points.