India’s Infosys Q3 profit beats estimates

INDIAN software services company Infosys on Thursday (Jan 12) reported a quarterly profit that beat estimates, helped by a strong deal pipeline despite a challenging macro environment.

Consolidated net profit at the country’s No 2 information technology services firm by revenue rose to 65.86 billion rupees (S$1 billion) in the three months to Dec 31, from 58.09 billion rupees a year ago.

Analysts on average had expected a profit of 65 billion rupees, according to Refinitiv IBES data. REUTERS