Infosys Q3 Net Profit Breaks the Assess and Rises to 11% YoY to Rs.6,806 Crore

The recent reports of Infosys, the second largest IT service company in India has let out the Q3 net profit which has raised 11% YoY to Rs.6,806 crore by breaking all the estimation, meanwhile, the revenue from the operations has risen 8% YoY to Rs.41,764. The projected net profit of the experts and analysts was Rs.6,244 crore.

“Our performance in Q3 was resilient. Large deal wins were strong at $3.2 billion, with 71% of this as net new, reflecting the relevance and strength of our portfolio of offerings ranging from generative AI, digital and cloud to cost, efficiency and automation.

Our clients are leveraging our Topaz generative AI capabilities to create long-term value for their businesses” said Salil Parekh, CEO and MD, Infosys

The Chief Financial Officer of Infosys, Nilanjan Roy stated that the surpassing Q3 performance of their company showcased the strong execution of their capabilities under ‘Project Maximus’ amidst the highly challenging environment.

The Q3 Net Profit of Infosys from the past years are,

• Q3 FY24 – Rs.6,106 crore
• Q3 FY23 – Rs.6,586 crore
• Q3 FY22 – Rs.5,809 crore
• Q3 FY21 – Rs.5,197 crore

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