(Reuters) - Infosys Ltd, India's No.2 software services exporter, posted a 10.3 percent rise in quarterly profit on Tuesday that was above market expectations, boosted by large deal wins in the quarter.
Profit for the quarter that ended Sept. 30 was 41.10 billion rupees ($558.04 million) versus 37.26 billion rupees a year ago, Infosys said https://www.bseindia.com/xml-data/corpfiling/AttachLive/7b8ef454-5ffa-4bb7-b1e5-7f183f7b9d13.pdf. Analysts had on average expected a profit of 40.51 billion rupees, according to I/B/E/S data from Refinitiv.
The Bengaluru-headquartered company posted a 17.3 percent rise in revenue from operations to 206.09 billion rupees.
(Reporting by Krishna V Kurup and Tanvi Mehta in Bengaluru; Editing by Edmund Blair)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app