Infosys Q3 profit grows 38.3% to Rs 5129 crore

Infosys Q3 profit grows 38.3% to Rs 5129 crore

Infosys Q3 profit grows 38.3% to Rs 5129 crore

Infosys total employees stood at 2,01,691 as on December 2017, higher from 1,98,440 employees as on September 2017 and 1,99,763 employees in December 2016.

The new chief executive of Infosys Ltd said he would lay out updated strategic priorities for India's second-biggest software services exporter by April after the company maintained its full-year revenue outlook.

With this, for the nine months ended period of FY18, Infosys net profit has grown by 14.79% yoy to Rs 12,339 crore, while revenue jumped by 2.09% yoy to Rs 52,439 crore.

Analysts at HDFC Securities projected profits of Rs 5,182 crore, including the tax reversal, which implies they expected Infosys to report profit growth of 1 percent, excluding the tax reversal component.

Kamala Mills fire: Mumbai hotelier sent to police custody for 'sheltering' accused
Abhijeet Mankar, owner of " 1 Above " pub, was arrested on Thursday in connection with the December 29 Kamala Mills fire. The Sanghvi brothers were on their way to meet a lawyer when the police arrested them, unidentified officers said.

Infosys said it has completed the previously announced shareholder consultation.

This is the first quarterly results since Salil Parekh took charge as the new CEO and MD at Infosys January 2.

Parekh's appointment came after the abrupt resignation of Vishal Sikka, who had quit in August following public spat with co-founders led by N R Narayana Murthy.

The conclusion of the agreement had a positive impact on consolidated basic earnings per share in the quarter by about 6.29 rupees. ".Our Q3 performance is strong". Mr. Parekh, 53, an ex-Capgemini veteran, said. We are focusing on market opportunities, client relationships, people, and service portfolio.

Chem Tales: Reefer Sadness as Jeff Sessions Declares War on Pot
Last Thursday, Trump's Justice Department - headed by AG Jeff Sessions - overturned a 2013 Obama era policy concerning marijuana. But by Friday's close, the day after Sessions dropped his bombshell, US marijuana stocks had recouped about half their losses.

Investors and market watchers are expecting to hear from Infosys' new CEO Parekh on his strategy to spur growth for the company that is trying to put behind the nearly year-long public standoff between its high-profile promoters and the past leadership.

Parekh, who is only the second outsider to lead the Bengaluru-headquartered company, said the market offered tremendous opportunities in newer areas such as data, analytics, machine learning and artificial intelligence.

The Infosys exchange filing said that its revenues in the third quarter increased by 8% in terms of the United States dollar.

"During the quarter, we provided compensation increases and higher variable payouts to our employees".

Mom of H&M Model Wearing 'Racist' Monkey Hoodie Says 'Get Over It'
If you enjoy shopping for Ladies fashion, Men's fashion, or Teenage fashion then look around our site and enjoy!. G-Eazy has officially ended his partnership with H&M. "We all make mistakes, some worse than others I guess".

"Our operating margins were stable on the back of broad-based improvement in operational efficiency parameters. Our investments in employees continues to deliver results as reflected in lower attrition". "Our cash generation continued to be robust during the quarter." said M.D. Ranganath, CFO. "We successfully executed the share buyback of ₹13,000 crore in line with our capital allocation policy. We maintain our reduce rating on the stock", Emkay Global Financial Services said in a note to clients.

Related news