BUSINESS

Infosys Beats Estimates, Posts 7% Rise In Quarterly Net Profit

Revenue rose 8.6 percent to 172.73 billion rupees.

13/01/2017 10:00 AM IST | Updated 13/01/2017 10:02 AM IST
Abhishek Chinnappa / Reuters

India's second-biggest software services exporter Infosys Ltd (INFY.NS) reported on Friday a 7 percent rise in third-quarter net profit on new client wins, beating street estimates.

Infosys posted a quarterly net profit of 37.08 billion rupees ($544.03 million), compared with 34.65 billion rupees a year earlier. Revenue rose 8.6 percent to 172.73 billion rupees.

Analysts, on average, expected a profit of 35.44 billion rupees on revenue of 173.01 billion rupees, according to Thomson Reuters data.

($1 = 68.1575 Indian rupees)

(Reporting by Sankalp Phartiyal; Editing by Muralikumar Anantharaman)

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