Infosys Q3 net profit up 16.6 pc to Rs 5,197 cr


Team Udayavani, Jan 13, 2021, 5:09 PM IST

New Delhi: The country’s second-largest IT services firm Infosys on Wednesday reported a 16.6 per cent rise in consolidated net profit at Rs 5,197 crore for the December 2020 quarter.

The company had posted a net profit (after minority interest) of Rs 4,457 crore in the year-ago period, Infosys said in a regulatory filing.

Its revenue grew 12.3 per cent to Rs 25,927 crore in the quarter under review from Rs 23,092 crore in the corresponding period last fiscal.

Infosys has increased its FY21 revenue growth guidance to 4.5-5 per cent in constant currency terms.

In October, Infosys had guided towards 2-3 per cent revenue growth in FY21 on constant currency basis.

“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.

“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,” the company’s CEO and MD Salil Parekh said.

He added that with the intense focus on client needs and the comprehensive foundation built on differentiated capabilities, he was confident about the future.

The company said its large deal total contract value was at an all-time high of USD 7.13 billion.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Vijayapura: Crowd attacks four persons on suspicions of being ‘child kidnappers’

PayCM: Bommai says Congress resorting to dirty politics

India Women all out for 169 in final ODI against England

Udupi ZP CEO carries out civic workers’ duties; collects waste from households

Malenadu will not be allowed to become a den of terrorists: Araga Jnanendra

PFI violence in Kerala pre-meditated, culprits will not be spared: Chief Minister Pinarayi Vijayan

Dasara: DC declares 4 additional holidays for schools in Dakshina Kannada


Related Articles More

Zomato to inspect cloud kitchens hosting more than 10 brands to curb malpractices

Equity investors poorer by Rs 4.90 lakh cr as Sensex tumbles nearly 2 pc

Ola Electric cuts 200 jobs; plans to hire 3,000 to focus on non-software engineering domains

Bearys bags CII’s ‘National Energy Leadership Award’

Govt amends rules governing corporate social responsibility

MUST WATCH

Health Minister K Sudhakar Statement about paycm

How to grow Avocado

Dasara Celebration in Uchila Mahalakshmi Temple

NIA raids PFI and SDPI offices in Mangaluru

CM Bommai meet HD Deve Gowda with the minister


Latest Additions

Vijayapura: Crowd attacks four persons on suspicions of being ‘child kidnappers’

Chandigarh Univ video case: Army man held from Arunachal Pradesh, fourth arrest in case

Congress backed PFI when in power, alleges Minister V Sunil Kumar

Congress in Karnataka unified, says U T Khader

PayCM: Bommai says Congress resorting to dirty politics

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.