Infosys Q3 Results 2021: Net Profit Increases 7.2% QoQ To Rs. 5809 Crore

The IT major Infosys reported its Q3Fy22 earnings today with profit for the December ended quarter at Rs. 5870 crore while consolidated net profit came in at Rs. 5809 crore. This is an increase of 12% from Rs. 5197 crore logged during the same period last year. While the same on a quarter on quarter basis is a 7.2 percent increase.

Infosys Q3 Results 2021: Net Profit Increases 7.2% QoQ To Rs. 5809 Crore

Revenue at the firm also saw a 7.7 percent QoQ increase to Rs. 31,867 crore during the period under review. In the corresponding period a year ago, revenue was reported at Rs. 25,927 crore. The increased revenue is supported by a ramp up in large deal wins, growth across verticals and the company's hybrid cloud deal announced in 2020 with German automobile company Dailmer.

Infosys has revised revenue guidance for FY22 higher to 19.5-20% given the sequential growth of 7 percent in Q3. The company's total operating profit registered growth of 7.3 percent sequentially to Rs. 7484 crore. Nevertheless, its consolidated operating margin logged a decline of 10 bps sequentially to 23.5% due to the cost involved in retaining talent at the IT major.

On the attrition front, the company continues to face issue as voluntary attrition jumped to 25.5% in comparison to 20.1%, a quarter ago.

In the December quarter, the company won 2 new clients in the $100 million-plus category and $50 million-plus category.

The company's scrip last closed at a price of Rs. 1875.8, up 1.1% on the NSE.

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