Infosys Q3 profit up 6.6% to Rs 3,465 cr, revenue jumps 15.2%

Country's second-largest software firm Infosys today reported a 6.6 per cent growth in its consolidated net profit at Rs 3,465 crore, a better-than- expected set of numbers, for the October-December quarter of the current fiscal.
The Bengaluru-based firm's net profit stood at Rs 3,250 crore in the corresponding period a year ago.
The consolidated revenues in the third quarter rose 15.2 per cent to Rs 15,902 crore from Rs 13,796 crore in the year-ago period, the company said.
The IT major also revised its current fiscal constant currency revenue guidance upwards to 12.8-13.2 per cent. It had, in October 2015, forecast a revenue growth of 10-12 per cent in constant currency.

"Alongside grassroots innovation, we continue to see growing adoption of our Aikido services, bringing the power of intelligent systems, automation and software to amplify the skills and imaginations of our people," Infosys CEO and Managing Director Vishal Sikka said.
He added this combination helped the company deliver encouraging results despite the traditional seasonality of the quarter and the additional headwinds, and will strengthen the execution of its strategy towards consistent profitable growth.

Reacting to the results, Infosys shares surged 4.08 per cent in early morning trade to Rs 1,126.55 apiece.
The company's net profit was higher 2 per cent from Rs 3,398 crore in July-September 2015 quarter, while revenues grew 1.7 per cent from Rs 15,635 crore in the second quarter of FY 2015-16.

"We have been able to navigate the quarter better than our earlier expectations. We will continue to focus on enhancing operational efficiency through multiple levers in the coming quarters," Infosys CFO M D Ranganath said.
In dollar terms, Infosys posted 0.4 per cent jump in net profit to USD 524 million, while revenue was up 8.5 per cent to USD 2.4 billion in the third quarter.
The company added 12,717 people (at gross level) and
2,779 employees (net basis) from June quarter, taking its headcount to 1.99 lakh employees as on September 30, 2016. The attrition rate was at 20 per cent for the said quarter.

Liquid assets, including cash and cash equivalents, available-for-sale financial assets and government bonds, were Rs 35,640 crore in the quarter under review compared with Rs 33,212 crore as on June 30, 2016.
Infosys has also declared an interim dividend of Rs 11 per equity share.