According to Jagmohan Garg, Infosys Q3 revenue performance was broadly in line with everyone expectations.The software major’s net profit stood at Rs 3,465 crore in the corresponding three months a year ago.
India’s second largest IT services provider Infosys reported a 7 per cent growth in its net profit for third quarter of the financial year 2017 ended December 30, 2016. The net profit of the Bengaluru-based company stood at Rs. 3,708 crore for the October-December period.
The IT major modified and fixed its entire year direction for the third time in the year. Infy expanded its lower end of the direction to 8.4 for each penny while it cut the upper end of the direction to 8.8 for every penny.
Prior in the second quarter the organization had given an entire year income direction of 8-9 for every penny in consistent money terms.
“Considering regular and other extra headwinds for the quarter, our Q3 income execution was extensively in accordance with our desires,” said Vishal Sikka, CEO and MD, Infosys in a BSE documenting.