Infosys Q3 revenue up 8% YoY

Infosys Ltd posted results for the third quarter ended 31st December 2017.

The company Reported year-on-year revenue growth of 8% in USD terms for the quarter and 24.3% operating margin

Revenues were $ 2,755 mn for the quarter ended December 31, 2017
Operating profit was $ 669 million for the quarter ended December 31, 2017
QoQ growth of 1.4%; YoY growth of 4.5%

Net profit was $ 796 million for the quarter ended December 31, 2017
QoQ growth of 37.6%; YoY growth of 45.4%

Basic EPS at $ 0.35 for the quarter ended December 31, 2017

“It is a privilege for me to be appointed as the CEO & MD of Infosys, helping our clients navigate the digital future and employees build new skills and capabilities. Our Q3 performance is strong. We had 8% year-on-year growth and 24.3% operating margin with US$ 593 million of free cash flow.” said Salil Parekh, CEO & MD. “We are progressing towards stability and are well positioned to serve ourclients in the new areas of demand” he added.“Increased adoption of our digital offerings and new services helped stabilize price realization. We were able to grow client relationships across revenue categories.” said Pravin Rao, COO. “During the quarter, we provided compensation increases and higher variable payouts to our employees. Our investments in employees continues to deliver results as reflected in lower attrition.”

“Our operating margins were stable on the back of broad-based improvement in operational efficiency parameters. Our cash generation continued to be robust during the quarter.” said M.D. Ranganath, CFO. “We successfully executed the share buyback of Rs. 13,000 crores in line with our capital allocation policy.”

Infosys is a global leader in technology services and consulting. It enable clients in 45 countries to create and  execute strategies for their digital transformation.

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.