Infosys Q3 profit up 23% at Rs 4,457 cr, revenue jumps 7.9% to Rs 23,092 cr

Infosys, the country’s second-largest IT services company, on Friday met street estimates of the third quarter’s financial numbers and gave guidance for double-digit growth for the full year.

For the quarter ended December, Infosys posted a net profit of Rs 4,457 crore, a rise of 23.5 per cent year-on-year (YoY). In sequential terms, net profit grew around 11 per cent.

Revenues grew 7.9 per cent YoY at Rs 23,092 crore during October-December. Sequentially, it grew 2 per cent. In dollar terms, revenues were at $3.24 billion, 8.6 per cent higher YoY and 1 per cent on a sequential basis. Infosys’ revenues in constant-currency terms rose 9.5 per cent and 1 per cent in sequential terms.