Infosys has reported quarterly revenue of $1.14 billion. For the March 2009 fiscal year, the company has issued guidance of revenues of $4.97 billion to $5.05 billion, and profits of $2.31 to $2.35 a share, exceeding analyst expectations.

Infosys shares arose by more than five percent on the news. Other IT outsourcers stocks rose higher as well, with Cognizant, Satyam and Wipro all seeing similar single-digit increases.