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Infosys reports 33% jump in consolidated Q3 net profit

12 Jan 2012 Evaluate

Infosys has reported results for the third quarter ended December 31, 2011.

The company’s net profit for the quarter under review rose by 36.20% at Rs 2235.00 crore as compared to Rs 1641.00 crore for the quarter ended December 31, 2010. Its total income has increased by 33.91% to Rs 9118.00 crore for the quarter under review from Rs 6809.00 crore for the similar quarter of the previous year.

On consolidated basis, the group has posted a net profit of Rs 2372.00 crore for October-December quarter as compared to Rs 1780.00 crore for the same quarter last year, up 33.26%. Total income for the quarter grew by 31.42% to Rs 9720.00 crore from 7396.00 crore for the corresponding quarter of the previous fiscal.

The company beat market forecasts of a 30% y-o-y increase in net profit as a weak rupee boosted margins, but it cut its full-year revenue outlook because of the debt crisis in Europe, its second-biggest market.

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