Infosys Q3 profit up 38.3% at Rs 5,129 cr

Bengaluru: Infosys on Friday said its profit rose 38.3% to Rs 5,129 crore in the three months ended December 31, 2017 (quarter 3) as compared to analysts’ average estimate of Rs 3,710 crore.  Revenue from operations rose 3% to Rs 17,790 crore from a year earlier, with revenue from the financial services segment dipping 0.4% at Rs 4,600 crore, the company said. The profit was helped by tax benefits from the firm’s deal with the US Internal Revenue Service (IRS). The company had signed an Advance Pricing Agreement with the US IRS this week, resulting in an effective tax rate of about 100 basis points lower going forward. Agencies