Infosys, one of India’s leading IT companies, reported
13 percent jump in consolidated net profit for the third quarter to Rs 3,250
crore, helped by increase in business and clients from North America, as also
from India.
The country's second largest software services
firm's consolidated revenue rose 5.9 percent to Rs 13,796 crore in the quarter
ended December 31, while it maintained its revenue outlook for the entire
fiscal ending March 31.
Increasing its focus on software products and new
age solutions like Artificial Intelligence, Internet of Things, Infosys also
said it has expanded its innovation fund from the USD 100 million to USD 500
million, which will be used to invest in young firms world-wide.
Reacting to the results, Infosys shares rose by over
5 per cent to Rs 2,073.60 apiece on the BSE, lifting the overall market.
In dollar terms, Infosys posted 12.7 percent jump in
net profit to USD 522 million, while revenue was up 5.6 percent to USD 2.21
billion in the third quarter.
On a quarter-on-quarter basis, Infosys' net profit
was higher by 4.9 percent, from Rs 3,096 crore in the July- September period;
revenue grew 3.4 percent from Rs 13,342 crore in the second quarter of the
2014-15 fiscal.
North Americas contributed 61.6 percent of the
quarter's revenues, while Europe, India and Rest of the World (RoW) markets
accounted for 24 percent, 2.5 percent and 11.9 percent respectively.
Infosys has also pledged Rs 254 crore this fiscal
towards Corporate Social Responsibility (CSR) which is primarily being carried
out through the Infosys Foundation, its philanthropic arm.
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