Infosys net profit up by 11.8% YoY to Rs 5,809 cr in Q3 results

IT behemoth Infosys on Wednesday announced the results for the third quarter of FY 22 ended December 31, registering 11.8 per cent year-on-year rise in its consolidated net profit to Rs 5,809 crore from Rs 5,197 crore reported in the corresponding quarter of the previous year.

Accordingly, the IT firm increased its revenue growth guidance for FY22 to 19.5-20 per cent.Infosys' revenue grew 22.9 per cent to Rs 31,867 crore in the quarter ended December 2021 from Rs 22,927 crore a year ago.  

Infosys delivered a strong Q3 performance with sequential growth of 7 per cent in a seasonally weak quarter and a year-on-year (YoY) growth of 21.5 per cent in constant currency.  Growth remained broad-based and dealt with momentum robust, with digital transformation rapidly scaling across verticals and regions. Large deal wins accelerated with total contract value (TCV) of $2.53 billion in Q3.