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Infosys Q3 net up 7%; total income rises 8.3%

Infosys on Friday reported 7% rise in its third quarter net profit.

Consolidated net profit rose to Rs 3,708 crore, in October-December as compared to Rs 3,465, in the same period a year ago.

A total income rose to 8.3% Rs 18,093 crore

The IT major revised its current fiscal constant currency revenue guidance to 8.4-8.8 per cent against 8-9 per cent estimated earlier.

Last week, cautioning Infosys employees that the road ahead is long and not easy, company CEO Vishal Sikka had stressed the importance of automation and warned against “lackadaisical” attitude towards greater value creation.

In his New Year message to the employees, he had said by achieving all that they set out to do, Infosys can be a force powering the purposeful evolution of our world.

Sikka took over as CEO and Managing Director of the country’s second largest IT firm in August 2014.In February, 2016, his tenure was extended by nearly two years till March 2021, saying his initiatives have helped the company move towards reclaiming its industry leadership position.