Infosys reported better-than-expected earnings performance within the third quarter with revenues rising to ₹25,927 crore while profit rose 16.6% to ₹5,197 crore. Infosys raised FY21 revenue growth guidance to 4.5%-5.0% in constant currency while increasing operating margin guidance to 24.0%-24.5%.
Commenting on the Q3 earnings, CEO Salil Parekh said: “The Infosys team has delivered another quarter of fantastic results. Execution of client relevant strategy focused on digital transformation continues to drive superior growth, well before the industry. the size of latest client partnerships with leading global companies like Vanguard, Daimler and Rolls-Royce demonstrate the depth of digital and cloud capabilities of Infosys. The commitment and skills of our employees to support and drive the digital journey of clients are matters of great pride on behalf of me .
Infosys in December said over the past few months there has been increased speed at which all its clients are adopting digital and lots of of its large deals are new digital transformation projects. During the third quarter, El Paso Water selected Infosys as its strategic partner for customer service transformation; Rolls-Royce announced strategic partnership for aerospace engineering in India.