Infosys Q3 Net Profit rises 13 percent

Infosys Ltd. Friday posted a consolidated net profit of Rs.3,250 crore (Rs.32.5 billion/$521 million) for Oct-Dec third quarter of fiscal 2014-15, registering 13 percent year-on-year (YoY) growth and 4.9 percent sequentially as per the Indian accounting standard.

In a regulatory filing to the stock exchanges, the global software major Infosys said its consolidated revenue grew 5.9 percent YoY and 3.4 percent sequentially to Rs.13,796 crore (Rs.137.96 billion) for the quarter under review.

Under the International Financial Reporting Standard (IFRS), net income grew 12.7 percent YoY and 2.2 percent sequentially to $522 million and gross revenue 5.6 percent YoY and 0.8 percent sequentially to $2.22 billion for the quarter under review. (IANS)