Infosys has given better financial performance than expected in the third quarter. For the December quarter, the company reported an increase of 11.4% in net profit on year on year basis (via) is recorded. The net profit of the company has increased to Rs 6,806 crore. Whereas it was estimated that the profit could be Rs 6,734 crore. That is, the company has earned more profit than expected, due to which the company is now planning to expand the workforce even more.
If we talk about the company’s revenue during the same period, it has also achieved a growth of 7.6%. The company’s revenue during the period stood at Rs 41,764 crore. The company received strong demand from Europe, which included providing services to financial services, manufacturing, and energy markets.
India’s second-largest information technology (IT) services company has raised its revenue forecast in constant currency for FY 2024-25 to a range of 4.5 to 5 per cent. This is higher than the estimate of 3.75 to 4.5 percent for the second quarter of the current financial year (July-September quarter). This is the third time that the company has increased its revenue estimates. This indicates that the pace of growth has started. Infosys raised its revenue estimates indicating better customer spending.
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