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Infosys Q3 2014-15 Beat Estimates; Net Profit at Rs 3250 Crores
Infosys reported yet another set of good quarterly numbers with net profits for the quarter ending Dec 31, 2014 coming in at Rs 3250 crores, as against analysts estimates of around Rs 3150 crores. Revenues at the company came in almost in line with estimates at Rs 13,796 crores as against Rs 13,342 crores in the previous quarter.
Dollar revenues for Q3 2014 came in at $2218 million, which was more or less in line with estimates. The operating margin was rather heartening at 26.74 per cent, which was among the reasons that saw the stock jumping sharply in trade.
The company kept the dollar revenue guidance at 7-9 per cent, which was largely welcomed by the markets. "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", said Infosys CEO Vishal Sikka.
The stock was last trading at Rs 2095, which also the highest level for the day.
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