Infosys Q3 net profit rises 37.6% to Rs 51.29 billion

On sequential terms, revenue rose 1.3% to Rs 177.94 bn; keeps FY18 revenue growth forecast at 5.5-6.5%

Information technology giant Infosys on Friday said its net profit for the quarter ended December 2017 rose 38% sequentially to Rs 51.29 billion as against Rs 37.26 billion in previous quarter.

On sequential terms, revenue rose 1.3% to Rs 177.94 billion as compared to Rs 175.67 billion in September quarter.

The net profit rose 38.3% as against Rs 37.08 billion in December 2016 and revenue rose 3% when compared to Rs 172.73 billion in year-ago period. 

The company retained its FY18 revenue growth forecast in constant currency at 5.5%-6.5%. Infosys president Rajesh Murthy has resigned and will leave by