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Infosys Q3 results: Profit up 9.2%, revenue growth guidance raised

Infosys Ltd. has raised its revenue growth guidance to 16-16.5% for the fiscal ending March 31, even as the outlook for the wider IT sector worsens.

Revenue of India’s second largest software services firm increased 4.8% sequentially to Rs 38,318 crore in the December quarter, according to an exchange filing on Thursday. That compares with the Rs 37,963-crore consensus estimate of analysts tracked by Bloomberg.

Infosys Q3 Results: Key Highlights (QOQ)

  • Revenue rises 4.8% at Rs 38,318 crore, against an estimate of Rs 37,963 crore.
  • EBIT is up 4.6% at Rs 8,242 crore compared to an estimate of Rs 8,263 crore.
  • EBIT margin is at 21.5% compared to 21.5%. Analysts had estimated it at 21.8%.
  • Net profit is up 9.2% to Rs 6,586 crore compared to an estimate of Rs 6,465 crore.
  • Shares of Infosys, which is in the midst of a buyback, have slipped about 23% from its peak about a year ago, shedding more than $30 billion in market capitalisation.

On Friday, the stock ended 0.62% higher at Rs 1,480.55 apiece. Bloomberg

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