Infosys releases Q3 results, highlights 13% increase in profit
The second largest software exporter company of India Infosys has released the results of for the quarter that ended on 31 December, 2014. The results highlight 13 percent rise in the quarterly net profit of the company leaving behind the estimates. The reason for are the various outsourcing contracts which the company bagged from various Western clients.
The company delivers IT services to companies like Apple Inc, Walmart Stores and Volkswagen, stated that the profit in the quarter ended December 31 rose to 32.50 billion Indian rupees ($520.9 million) from 28.75 billion rupees ac compared to the last quarter of 2013.
Speaking about the same, Vishal Sikka, CEO and Managing Director, Infosys said, “We are excited by several breakthrough results in Q3. Our “renew and new” strategy, is being received well by our clients and our ecosystem and we are already seeing its early adoption. Based on our strong performance, we are intensifying our efforts to deepen employee engagement, client ecosystem and strengthen our foundation of education as we build a next generation services company that innovates for consistent profitable growth.”
It was observed that Infosys was facing a lot of issues and was losing the market share and was also tackling the problem of staff attrition in the last few quarters. However the company worked achieved their set targets despite of various issues. As per the company statistics it won 59 new clients in this quarter.
