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BusinessInfosys

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

Revenue rose 8.6 percent to 172.73 billion rupees.
Reuters
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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This article exists as part of the online archive for HuffPost India, which closed in 2020. Some features are no longer enabled. If you have questions or concerns about this article, please contact indiasupport@huffpost.com.