SME Times is powered by   
Search News
Just in:   • S.Korea ready for vaccine roll out as shipment begins for doses  • ISSDA concerns on revocation of duties on stainless steel imports  • Robust global cues, healthy FII inflows push equities higher  • Economy on cusp of a turnaround in fortunes: Shaktikanta  • Stricter norms for social media, OTT 
Last updated: 13 Jan, 2021  

Infosys.9.Thmb.jpg Infosys logs 16.6% growth in Q3 net profit

Infosys.9.jpg
   Top Stories
» Economy on cusp of a turnaround in fortunes: Shaktikanta
» Stricter norms for social media, OTT
» 'Consumption, investment demand recovers'
» India's fiscal position to remain weak: Moody's
» 'Monetise & modernise' is our motto: PM on disinvestment
SME Times News Bureau | 13 Jan, 2021
IT major Infosys on Wednesday reported a 16.6 per cent year-on-year growth in its consolidated net profit for October-December period at Rs 5,197 crore.

Its net profit during the corresponding period of the previous fiscal (FY2019-20) stood at Rs 4,457 crore.

The company reported a revenue of Rs 25,927 crore during the period under review, higher by 12.3 per cent from Rs 23,092 crore earned during the third quarter of FY20.

Infosys has raised its revenue and margin guidance band to 4.5-5.0 per cent and 24.0-24.5 per cent respectively on the back of continued strong performance.

Salil Parekh, CEO and MD of the company said: "The Infosys team has delivered another quarter of excellent results. Execution of client relevant strategy focused on digital transformation continues to drive superior growth, well ahead of the industry."

He said that the scale of new client partnerships with leading global companies such as Vanguard, Daimler and Rolls-Royce demonstrate the depth of digital and cloud capabilities of Infosys.

"With the intense focus on client needs and the comprehensive foundation built on differentiated capabilities, I remain confident about the future," Parekh said.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 26 Feb, 2021
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» Canada: Variant cases surge as overall Covid-19 numbers drop(1)
» CBDT refunds over Rs 1.93 lakh cr to 1.90 cr taxpayers since April(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter