Business

Infosys posts Rs 6,586 crore net for Q3

The company also said it is closing down its Moscow branch.

Chennai: Software major Infosys Ltd closed its third quarter with a higher net profit of Rs.6,586 crore.

In a regulatory filing, it said it had closed quarter ended December 31, 2022 with a revenue of Rs 38,318 crore (Rs 31,867 crore in Q3FY22) and a net profit of Rs 6,586 crore (Rs 5,822 crore).

The company also said it is closing down its Moscow branch.

During the quarter under review, Infosys’ revenues from energy, utilities, resources and services and manufacturing verticals showed an increase over corresponding period previous year.

On the other hand, revenues from verticals like financial services, retail, communication, life sciences and others showed a de-growth as compared to the third quarter of FY22.

According to Infosys, its headcount at the end of December 31, 2022 stood at 346,845 up from 292,067 at the end of December 31, 2021.

This post was last modified on January 12, 2023 7:00 pm

Share
Indo-Asian News Service

Indo-Asian News Service or IANS is a private Indian news agency. It was founded in 1986 by Indian American publisher Gopal Raju as the "India Abroad News Service" and later renamed. The service reports news, views and analysis from the subcontinent about the country, across a wide range of subjects.

Load more...