01-12-2023 03:55 PM | Source: Reuters
India's Infosys Q3 profit beats estimates
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BENGALURU - Indian software services company Infosys reported a quarterly profit that beat estimates on Thursday, helped by a strong deal pipeline despite a challenging macro environment.
Consolidated net profit at the country's No.2 IT services firm by revenue rose to 65.86 billion rupees ($808 million) 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. ($1 = 81.5250 Indian rupees)
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