Published on 13/01/2021 4:35:26 PM | Source: Reuters

Infosys reports nearly 17% rise in third-quarter profit

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BENGALURU  - Infosys Ltd, India's second biggest software services firm by market value, on Wednesday reported a 16.6% rise in December-quarter profit, helped by large deal wins as demand for its digital services during the COVID-19 pandemic rose.

The Bengaluru-based company's consolidated net profit climbed to 51.97 billion rupees ($709.90 million) from 44.57 billion rupees a year earlier.

Revenue from operations rose 12.3% to 259.27 billion rupees.