Infosys net up 6.6 percent in third quarter

Global software major Infosys Ltd has posted Rs.3,465 crore net profit for third quarter (Oct-Dec) of fiscal (2015-16), registering 6.6 percent year-on-year (YoY) growth, as per the Indian accounting standard.

In a regulatory filing at the Bombay Stock Exchange on Thursday, the city-based IT bellwether said its consolidated revenue grew 15.3 percent YoY to Rs.15,902 crore for the quarter under review (Q3).

Under the International Financial Reporting Standard (IFRS), net income, however, was fractional (0.4 percent) up YoY to $524 million but gross income (revenue) grew 8.5 percent YoY to $2.41 billion.