Infosys net profit declines 7.3 pc to Rs 6,106 crore in Q3; cuts annual sales forecast
Admin
Jan 16, 2024 11:41
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The country's second-largest IT services firm Infosys on Thursday reported a lower-than-expected 7.3 per cent fall in net profit in the December quarter on sluggish demand from clients and cut its annual sales forecast.
The company posted a net profit (attributable to shareholders) of Rs 6,106 crore compared to Rs 6,586 crore in the year-ago period, Infosys said in a regulatory filing.
The company's consolidated revenue from operations increased 1.3 per cent to Rs 38,821 crore during the third quarter of the ongoing fiscal from Rs 38,318 crore a year ago.
