Infosys Q3 profit rises 12%, firm raises revenue estimate

Quarter revenue climbs 23%, staff attrition higher at 26%

Infosys raised revenue growth estimates for the current fiscal to the 19.5-20% range on the back of a strong set of third quarter numbers, robust deal pipeline and a sound demand environment. This compares with the earlier projection of 16.5-17.5% revenue growth.

The tech major reported a 12% rise in net profit to ₹5,809 crore from a year earlier. Revenue rose 23% to ₹31,867 crore.

“[The] overall demand environment remains strong,” said Salil Parekh, CEO and MD. “Our deal pipeline is larger than anytime we have seen in the past. We expect healthy technology spend to continue with large enterprises progressing on digital transformations.”