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Infosys Q3 net profit vaults 16.6% to Rs5,197 cr, revenue grows 6.6%
21 January 2021
Infosys, India’s second-largest IT services provider, and a global leader in next-generation digital services and consulting, has reported its highest sequential growth in eight years, with net profit growing 16.6 per cent to Rs5,197 crore in the October-December quarter.
Bengaluru-based IT major said its revenue grew 6.6 per cent year-on-year to Rs25,927 crore with digital revenues growing by 31.3 per cent and overall digital revenue crossing more than half of total revenues.
On a sequential basis, revenues grew 5.3 per cent in constant currency terms in Q3 of fiscal 2020-21- the highest in 8 years.
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- Digital crosses 50% of revenues
BENGALURU, India, Jan. 13, 2021 /PRNewswire/ Infosys (NSE: EQINFY) (BSE: 500209) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered its highest Q3 sequential growth of 5.3% in 8 years in constant currency. On a year on year basis, revenues grew by 6.6%, digital revenues grew by 31.3% and overall digital revenue crossed more than half of total revenues. Large deal TCV was at all time high of $7.13bn with 73% being net new. Strong and steady operating margin at 25.4%. Revenue and margin guidance band increased to 4.5%-5.0% and 24.0%-24.5% respectively on the back of continued strong performance. 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
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