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INFOSYS Q3 NET PROFIT FALLS 7.3%, ANNUAL SALES FORECAST TRIMMED
The Business Guardian
|January 13, 2024
The company’s consolidatedrevenuefrom operations increased 1.3 per cent toRs38,821croreduring the third quarter of the ongoing fiscal
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The country’s second largest IT services firm Infosys on Thursday reported a lowerthan-expected 7.3 per cent fall in net profit in the December quarter on sluggish demand from clients and cut its annual sales forecast.
The company posted a net profit (attributable to shareholders) of Rs 6,106 crore compared to Rs 6,586 crore in the year-ago period, Infosys said in a regulatory filing.
The company’s consolidated revenue from operations increased 1.3 per cent to Rs 38,821 crore during the third quarter of the ongoing fiscal from Rs 38,318 crore a year ago.
Infosys bagged deals worth USD 3.2 billion, including a mega deal during the quarter, which included 71 per cent net new wins.
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