{"id":15033,"date":"2022-01-12T17:30:02","date_gmt":"2022-01-12T12:00:02","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ld-results-infosys\/"},"modified":"2022-01-12T17:34:09","modified_gmt":"2022-01-12T12:04:09","slug":"biz-ld-results-infosys","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ld-results-infosys\/","title":{"rendered":"Infosys Q3 net profit up 11.8% at Rs 5,809 cr; ups FY22 revenue growth outlook to 19.5-20%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4016006151\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Jan 12 (PTI) India&#8217;s second-largest software services firm Infosys on Wednesday reported an 11.8 per cent rise in consolidated net profit to Rs 5,809 crore for December 2021 quarter.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2724029942\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The IT firm also increased its revenue growth guidance for FY22 to 19.5-20 per cent.<\/p><p>The Bengaluru-based company had registered a net profit (after minority interest) of Rs 5,197 crore a year ago, a regulatory filing said.<\/p><p>Infosys&#8217; revenue grew 22.9 per cent to Rs 31,867 crore in the quarter ended December 2021 from Rs 25,927 crore in the year-ago period, it added.<\/p><div class=\"trade-content_5\" id=\"trade-4007859071\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Buoyed by the strong performance, Infosys has increased its FY22 revenue growth forecast to 19.5-20 per cent in constant currency terms against its guidance of 16.5-17.5 per cent given in October 2021.<\/p><p>&#8220;Our strong performance and market share gains are a testament to the enormous confidence our clients have in us to help them in their digital transformation.<\/p><p>\u201cThis stems from four years of sustained strategic focus on areas of relevance for our clients in the digital and cloud, continued re-skilling of our people, and deep relationships of trust that our clients have with us,\u201d Infosys CEO and Managing Director Salil Parekh said.<\/p><p>This is reflected in an upgrade in Infosys&#8217; revenue guidance to 19.5-20 per cent for FY22, he added.<\/p><p>\u201cWe expect the healthy technology spend to continue with large enterprises progressing on their digital transformations,\u201d Parekh said.<\/p><p>Infosys Chief Financial Officer Nilanjan Roy said despite the cost escalations, driven primarily by supply-side challenges, the company delivered another quarter of healthy margins with improved cost optimisation, continued operating leverage and a stable pricing environment.<\/p><div class=\"trade-content-10\" id=\"trade-717400471\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>\u201cWe continue to prioritise investments in talent acquisition and development and have further increased our global graduate hiring program to over 55,000 for FY22 to support our growth ambitions,\u201d he added.<\/p><p>Infosys said it delivered strong December quarter performance with sequential growth of 7 per cent in a seasonally weak quarter and year-on-year growth of 21.5 per cent in constant currency.<\/p><p>\u201cGrowth remained broad-based and deal momentum robust, with digital transformation rapidly scaling across verticals and regions. Large deal wins accelerated with TCV (total contract value) of USD 2.53 billion in Q3,\u201d it added.<\/p><p>Infosys shares closed 1.16 per cent higher at Rs 1,877.60 apiece on BSE on Wednesday. The results were declared after market hours. PTI SR BAL BAL<\/p><div class=\"trade-after-content\" id=\"trade-2818281958\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Jan 12 (PTI) India&#8217;s second-largest software services firm Infosys on Wednesday reported an 11.8 per cent rise in consolidated net profit to Rs 5,809 crore for December 2021 quarter. The IT firm also increased its revenue growth guidance for FY22 to 19.5-20 per cent. The Bengaluru-based company had registered a net profit (after [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":15038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31,1789],"tags":[],"class_list":["post-15033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Infosys Q3 net profit up 11.8% at Rs 5,809 cr; ups FY22 revenue growth outlook to 19.5-20% - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-ld-results-infosys\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Infosys Q3 net profit up 11.8% at Rs 5,809 cr; ups FY22 revenue growth outlook to 19.5-20%\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Jan 12 (PTI) India&#8217;s second-largest software services firm Infosys on Wednesday reported an 11.8 per cent rise in consolidated net profit to Rs 5,809 crore for December 2021 quarter. 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