Infosys Q3 Results: Revenue from operations rose 12.3 per cent to Rs 25,927 crore.
Infosys Q3 FY21 Results: Infosys Limited, the country s second-biggest software services firm by market value, on Wednesday, reported a 16.6 per cent rise in the October-December quarter profit, tracking large deal wins as demand for its digital services grew amid the Covid-19 pandemic. The Bengaluru-based company s consolidated net profit climbed to Rs 5,197 crore from Rs 4,457 crore a year earlier, beating street estimates. The revenue from operations rose 12.3 per cent to Rs 25,927 crore. Infosys said it expects the annual revenue in the financial year to end-March 2021 to rise between 4.5 per cent and 5 per cent in constant currency terms, higher than two per cent to three per cent forecast earlier. (
Infosys Q3 preview: Lead by the ramp-up of Vanguard deal, incremental revenue contribution from acquisitions and strong growth momentum in key verticals, IT bellwether Infosys may post a 9-10 per cent year-on-year (YoY) growth in its revenue (in rupee terms) for the quarter ended December 2020 (Q3FY21). The revenue could rise between 2.5-3.5 per cent quarter-on-quarter (QoQ) in constant currency (cc) terms and 3-4 per cent in dollar revenue terms. The Bengaluru-based firm, which is slated to release its Q3 numbers on Wednesday, January 13, may post record deal TCVs for the quarter due to the Daimler deal. The expectations of such a strong performance are visible in the stock price movement. Shares of Infosys have risen 24.55 per cent for the three months ended December 2020 and 9.58 per cent year-to-date (YTD), data available with ACE equity showed. This is against a 21.55 per cent rise in Nifty IT index and 24.30 per cent jump in Nifty 50 during the October-December quarter.