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Infosys net profit rises 12% in Q3 as digital push hikes demand

Infosys' consolidated net profit climbed to Rs 5809 crore in December-quarter.

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Infosys Q4 results: Infosys Q4 takeaways: Spike in attrition rate, slowing deal momentum & other highlights


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MUMBAI: Information technology giant Infosys on Wednesday reported March quarter earnings slightly below analysts’ estimates. However, the IT services company gave a guidance for strong double-digit revenue growth for 2021-22 reflecting the excellent demand conditions.
“A strong momentum exiting FY21, alongside a focused strategy to accelerate client digital journeys, gives us confidence for a stronger FY22,” Chief Executive Officer Salil Parekh said in an earnings statement.
The company’s consolidated profit dipped around 3 per cent on a sequential basis for the quarter, but revenues continued on their growth path, rising around 3 per cent. Margin performance was slightly underwhelming at 24.5 per cent, 90 basis points lower than that in the previous quarter.

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