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Infosys logs 16.6% growth in Q3 net profit
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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.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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₹95.3
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₹93.6 |
UK Pound
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Euro
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₹57.9 |
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