Q3 results: Infosys beats estimates, raises FY23 revenue guidance

Attrition down to 24% from 27% in previous quarter

Infosys on Thursday posted strong numbers for the October-December quarter (Q3), with India’s second-largest information technology (IT) firm beating Street estimates on both net profit and revenue. 
 

The Bengaluru-based company also raised its revenue guidance for 2022-23 (FY23) on the back of a strong deal pipeline, despite an uncertain macroeconomic environment globally. The firm said it expected its revenue growth in the range of 16-16.5 per cent in the current financial year, as against the earlier projection of 15-16 per cent. However, it maintained its operating margin guidance at 21-22 per cent.
 

Infosys signed 32 large deals, 30 per cent