Infosys reports 7.5% profit rise, lifts outlook

India's Infosys Technologies Friday said an improvement in the business climate and easing pressure on billing rates helped the software services firm post better-than-expected growth in quarterly profits. The Indian software bellwether also lifted its earnings and revenue outlook for the fiscal year ending March 31, 2010, helping its shares rise in a downbeat stock market in Mumbai. Infosys /quotes/comstock/15*!infy/quotes/nls/infy (INFY 47.47, -2.01, -4.06%) was recently up 0.5% in Mumbai, where the 30-stock Sensex fell 0.6% to 16,735.26.