Infosys outperforms TCS and Wipro in Q3 results on revenue growth and is gaining market share. Revenue growth of 5.3% QOQ in CC is highest in 8 quarters. Large deal TCV at $7.13 bn came in at all time high.
Updated Jan 13, 2021 | 17:27 IST
Consolidated revenue for the December quarter came in at Rs 25,927 crore, against Rs 24,570 crore reported in the September quarter. Infosys Q3 profit increases 16.6% at Rs 5,197 crore, raises growth guidance to 4.5%-5.0% | Photo Credit: BCCL
New Delhi: Infosys has reported consolidated profit at Rs 5,197 crore for the quarter ended December 2020, compared to Rs 4,845 crore in previous quarter.
Consolidated revenue for the December quarter came in at Rs 25,927 crore, against Rs 24,570 crore reported in the September quarter.
Infosys raised FY21 revenue growth guidance to 4.5%-5.0% in constant currency while increasing operating margin guidance to 24.0%-24.5%.
The company s Q3 revenues grew year-on-year by 8.4% in USD; grew by 6.6% in constant currency.
Infosys Q3 results: Net profit rises 17% to Rs 5,197 crore
Top Searches
Infosys Q3 results: Net profit rises 17% to Rs 5,197 crore
TIMESOFINDIA.COM / Jan 13, 2021, 16:50 IST
FacebookTwitterLinkedinEMail
(File photo)
NEW DELHI: The country s second largest IT services firm Infosys on Wednesday reported nearly 17 per cent growth in its consolidated net profit for the third quarter ended December 31, 2020 (Q3).
The company posted a net profit of Rs 5,197 crore for the period under review as against a profit of Rs 4,466 crore.
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.
Infosys Q3 Results: Net profit climbs 17%, FY21 revenue guidance raised
Infosys Q3 Results: Net profit climbs 17%, FY21 revenue guidance raised
Infosys has reported a nearly 17 per cent year-on-year rise in net profit in the December quarter. The company has also raised its revenue and operating margin guidance for FY21.
advertisement
UPDATED: January 13, 2021 17:24 IST
Infosys announced that it has signed large deals worth $7.13 billion and added that digital revenues have crossed 50 per cent of the total revenue during the quarter. (Photo: Reuters)
IT major Infosys on Wednesday reported a year-on-year rise of 16.6 per cent in net profit to Rs 5,197 crore in the third quarter, with gross revenues increasing to Rs 25,927 crore. The third-quarter performance of the company has proved to be better than what most analysts had predicted.
Infosys on Wednesday reported a 16.60 per cent year-on-year (YoY) growth in its consolidated net profit at Rs 5,197 crore for the third quarter of the financial year 2021 (Q3FY21). The firm had posted a net profit of Rs 4,457 crore in the same period last year. On a sequential basis, the profit rose 7.3 per cent per cent from Rs 4,845 crore posted for the September 2020 quarter. The company s revenue came in at Rs 25,927 crore, up 12.27 per cent YoY and 5.52 per cent QoQ. In constant currency terms, the revenue grew 5.3 per cent which was its its highest Q3 sequential growth in 8 years. Meanwhile, on YoY basis, the figure was up 6.6 per cent. In dollar terms, the revenue for the quarter under review grew 8.4 per cent YoY and 6.2 per cent QoQ to $3,516 million.