Infosys Q3 Results: PAT jumps 16.8% YoY, tops estimates

Infosys Q3 Results: PAT jumps 16.8% YoY, tops estimates

NEW DELHI: Infosys on Wednesday reported a 16.8 per cent YoY rise in net profit for December quarter at Rs 5,215 crore. In the same quarter last year, it reported a profit of Rs 4,466 crore.

Gross revenue for the quarter rose 12.3 per cent YoY to Rs 25,927 crore. It was up 5.5 per cent on sequential basis. In constant currency teams, revenue growth was 6.6 per cent.

The company said its Q3 operating margin stood at 25.4 per cent, an increase of 350 bps over the same period last year.

The IT major also raised revenue and margin guidance band to 4.5-5 per cent, and 24-24.5 per cent, respectively, on the back of continued strong performance.

The company signed large deals worth $7.13 billion. At the same time, digital revenues crossed 50 per cent of total revenue, resulting in year-on-year growth of 31.3 per cent in constant currency.

“Infosys has delivered another quarter of excellent results. Execution of client relevant strategy focused on digital transformation continues to drive superior growth, well ahead of the industry. The scale of new client partnerships with leading global companies such as Vanguard, Daimler and Rolls-Royce demonstrate the depth of digital and cloud capabilities of Infosys. The commitment and skills of our employees to support and drive the digital journey of clients are matters of great pride for me,” said Salil Parekh, CEO and MD, Infosys.

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