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India’s Infosys Q3 profit beats estimates

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Published Thu, Jan 12, 2023 · 06:31 PM
    • 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.
    • 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. FILE PHOTO: BT

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    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

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