India's Infosys misses profit expectations as costs surge

BENGALURU (Reuters) - Indian IT services provider Infosys posted a 3.2% rise in profit for the three months to June 30, missing analysts' as rising costs took the shine off deal wins in the quarter.

Consolidated net profit stood at 53.60 billion rupees ($12.53 million), compared with 51.95 billion rupees a year earlier, it reported on Sunday.

Analysts had expected a profit of 56.26 billion rupees, Refinitiv data shows.

($1 = 79.8300 Indian rupees)

(Reporting by Nallur Sethuraman in Bengaluru; Editing by David Goodman)