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Infosys posts 16.6% net profit growth in Dec quarter, revises FY21 guidance

Large deals, digital growth drives outperformance

Infosys plans less staff deployment to meet future demands, check attrition
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Infosys’s chief financial officer Nilanjan Roy said the company would be able to achieve better margins despite a pay hike and possible increase in travel spends in the fourth quarter.

Aneesh Phadnis Mumbai
Information technology (IT) services major Infosys on Wednesday raised its full-year revenue and margin guidance after posting 16.6 per cent growth in net profit in the quarter ended December (Q3). The consolidated net profit of Rs 5,197 crore in Q3 is the highest ever for the firm, and beat analyst estimates, which had pegged it at just over Rs 5,000 crore. 

The Bengaluru-headquartered company also guided for double-digit growth in the next financial year on the back of a ramp-up in large deals, acceleration in digital spends by clients, and a strong deal pipeline. The company revised its hiring target and