IT giant Infosys reported its fiscal third-quarter profits on Thursday, showing a profit of Rs 6806 crore, an increase of 11.46 percent year over year. In the third quarter of FY24, the company’s operating revenue was Rs 41,764 crore, up 7.58 percent from Rs 38,821 crore. A CNBC TV18 survey predicted that Infosys will report revenue of Rs 41,281 crore for the third quarter of FY25 and profit of Rs 6753 crore for the same quarter.
Infosys Q3 Result
The company’s net profit for the third quarter of 2024–2025 (FY25) increased by 11.4% year over year (Y-o-Y), surpassing the about Rs 6,773 crore that Bloomberg had predicted. Consequently, net profits increased 4.6%. The quarter’s revenue was Rs 41,764 crore, up 7.6% year over year and higher than the consensus Bloomberg estimate of Rs 41,353 crore. Sequentially, revenue increased by 1.9%. For FY25, the business stuck to its operating margin forecast of 20–22%.
Infosys Share Price
The BSE reports that on Friday, December 20, Infosys’s shares finished at Rs 1922.05, down 1.34 percent from the previous close of Rs 1948.15. The stock reached an intra-day high of Rs 1981.65 and a low of Rs 1911.25 after opening at Rs 1972.
About the Company – Infosys
N. R. Narayana Murthy established Infosys in Pune in 1981 with a mere $250 in startup funds. It is an IT services provider that serves clients both domestically and abroad by providing enterprise solutions and business consulting. With its headquarters located in Bengaluru, it is among the top three global brands for IT services and one of the biggest participants in the IT industry worldwide. The company’s first overseas branch was established in Boston, USA, in 1987.
To help clients implement plans for their digital transformation, Infosys Ltd. offers technology, outsourcing, consulting, and next-generation digital services. It ranks second in terms of size among Indian IT companies, after TCS.
