Infosys’ Q3 profit rises to Rs 6,586 cr

Bengaluru, January 12 IT bellwether Infosys on Thursday reported quarterly profit that beat estimates and raised its annual revenue outlook, helped by a strong deal pipeline. The Bengaluru-based company expects revenue growth of 16% to 16.5% for the financial year...

Tribune Web Desk

Updated At : 02:28 PM Jan 13, 2023 IST

Bengaluru, January 12

IT bellwether Infosys on Thursday reported quarterly profit that beat estimates and raised its annual revenue outlook, helped by a strong deal pipeline.

The Bengaluru-based company expects revenue growth of 16% to 16.5% for the financial year to March, from revenue growth of 15%-16% projected earlier.

Consolidated net profit at the country’s No.2 IT services firm by revenue rose to Rs 6,586 crore in the three months to December. 31, from Rs 5,809 crore a year ago.

Infosys saw its large deal signings rising to $3.3 billion, its strongest in the past eight quarters, up from $2.53 billion, year.

Analysts on average had expected a profit of Rs 6,500 crore according to Refinitiv IBES data. — Reuters

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Suggested Articles