Poket News

Infosys reports 16.8%, year-on-year, rise in consolidated net profit at Rs 5,215 crore

 

  • Infosys has reported a 16.8%, year-on-year, rise in consolidated net profit at Rs 5,215 crore, for the 3rd quarter of this fiscal. 
  • Gross revenue for the quarter rose 12.3%, year-on-year, to Rs 25,927 crore.
  • The company also raised revenue guidance band to 4.5-5%, and earning margin to 24-24.5%, on the back of continued strong performance.
  • IT major, Wipro has also reported 20.8%, year-on-year, growth in its consolidated net profit at Rs 2,967 crore for the 3rd quarter of this fiscal.