Infosys Q3 net profit rises 7 percent, beats estimates

Last Updated: Fri, Jan 13, 2017 09:47 hrs
FILE PHOTO -  An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bengaluru

MUMBAI  - India's second-biggest software services exporter Infosys Ltd 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)

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