Infosys to Onboard Award-Winning Experience Design Agency, Carter Digital Strengthens Infosys creative digital capabilities across Australia . | January 14, 2021
Information technology (IT) services major Infosys on Wednesday raised its full-year revenue and margin guidance after posting 16.6 per cent growth in net profit in the quarter ended December (Q3). The consolidated net profit of Rs 5,197 crore in Q3 is the highest ever for the firm, and beat analyst estimates, which had pegged it at just over Rs 5,000 crore. The Bengaluru-headquartered company also guided for double-digit growth in the next financial year on the back of a ramp-up in large deals, acceleration in digital spends by clients, and a strong deal pipeline. The company revised its hiring target and indicated it would hire 24,000 freshers next year up from 15,000 planned earlier.
NEW DELHI:
Infosys on Wednesday reported a 16.8 per cent YoY rise in consolidated net profit for December quarter at Rs 5,215 crore. In the same quarter last year, it reported a profit of Rs 4,466 crore.
Gross revenue for the quarter rose 12.3 per cent YoY to Rs 25,927 crore. It was up 5.5 per cent on a sequential basis. In constant currency terms, revenue growth was 6.6 per cent.
The company said its Q3 operating margin stood at 25.4 per cent, an increase of 350 bps over the same period last year.
The IT major also raised revenue and margin guidance band to 4.5-5 per cent, and 24-24.5 per cent, respectively, on the back of continued strong performance.
Half of Infosys revenues now from digital, co expects 4.5-5% growth in FY21
While Infosys adopted a three-pronged approach to protect its margins at the beginning of the year owing to COVID-19, CFO Nilanjan Roy said that all of it worked well and had helped margin expansion
Rukmini Rao | January 14, 2021 | Updated 01:20 IST
KEY HIGHLIGHTS
Revenue growth guidance increased to 4.5-5 per cent in constant currency
Bengaluru-based IT major Infosys posted a strong growth in Q3 FY21 and raised its full year revenue guidance on expected lines. The company posted a 5.3 per cent sequential dollar revenue growth in constant currency and 6.6 per cent on year-on-year basis. Digital revenues also crossed the 50 per cent mark of the total revenue with digital growing at 31.3 per cent on a year-on-year in constant currency terms.