Infosys is trading higher by over 2% at Rs 3,529 in early morning deals on the BSE after reporting a better-than-expected 19.4% quarter-on-quarter growth in consolidated net profit at Rs 2,875 crore for the quarter ended December 31 2013 (Q3). Analysts on an average had expected net profit of Rs 2,681 crore for the quarter.
The country’s second-largest software services provider had profit of Rs 2,407 crore in September quarter.
The consolidated net revenues came in at Rs 13,026 crore, up 0.5% sequentially. Consolidated dollar revenue came in at $2,100 million.
Meanwhile, Infosys has raised the FY14 dollar revenue guidance to 11.5-12% from 9-10% earlier.
"The year ahead looks exciting for the IT services industry. We believe the global economic environment has improved and our clients are gaining confidence to invest in their strategic initiatives,"said S. D. Shibulal, CEO and Managing Director.
We continue to differentiate ourselves to seize growth opportunities. The recent changes in organizational structure will enable us to strengthen client relationships and increase market share, he added.
The country’s second-largest software services provider had profit of Rs 2,407 crore in September quarter.
The consolidated net revenues came in at Rs 13,026 crore, up 0.5% sequentially. Consolidated dollar revenue came in at $2,100 million.
Meanwhile, Infosys has raised the FY14 dollar revenue guidance to 11.5-12% from 9-10% earlier.
"The year ahead looks exciting for the IT services industry. We believe the global economic environment has improved and our clients are gaining confidence to invest in their strategic initiatives,"said S. D. Shibulal, CEO and Managing Director.
We continue to differentiate ourselves to seize growth opportunities. The recent changes in organizational structure will enable us to strengthen client relationships and increase market share, he added.