After slashing its revenue forecast earlier this fiscal, Infosys raised its rupee revenue forecast to be at least Rs40,746 crore (from Rs39,582 crore earlier) and dollar revenue to be $7.45 billion (from $7.34 billion)
IT services major Infosys today reported a marginal drop of 0.12% in net profit to Rs2,369 crore for the third quarter ended 31 December 2012, reports PTI.
However, the revenues (including that of acquired Swiss firm Lodestone) for the reported quarter were up 12.1% to Rs10,424 crore from Rs9,298 crore in the year-ago period, Infosys said in a BSE filing.
“We have done well in this quarter despite an uncertain environment. We continue to gain confidence from a strong pipeline of large deals,” Infosys CEO and managing director SD Shibulal said.
“However, the broader economic environment remains difficult. Even so, we remain cautiously optimistic about the January-March quarter,” he added.
The company had posted a net profit of Rs2,372 crore for the October-December quarter of the previous fiscal (2011-12).
After slashing its revenue forecast earlier this fiscal, Infosys raised its rupee revenue forecast to be at least Rs40,746 crore (from Rs39,582 crore earlier) and dollar revenue to be $7.45 billion (from $7.34 billion).
Reacting to the results, shares of Infosys soared 11.19% to Rs2,580 in early trade on the BSE.
In dollar terms, profit dipped by 5.2% to $434 million in the reported quarter, but revenues were up by 5.8% to $1,911 million in the quarter under review.
During the quarter, Infosys added 7,499 (gross) and 977 (net) employees taking the total headcount to 1,55,629.
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