Infosys Q3 result: PAT down by almost 30% to Rs 3,610 crore; constant currency guidance revised to 8.5%-9%
Going forward, FY19 revenue guidance in constant currency revised upward to 8.5%-9.0%; Operating margin guidance retained at 22%-24%.
)
04:29 PM IST
IT-giant Infosys in its December 2018 (Q3FY19) quarter, posted a disappointing result with consolidated net profit declining by a massive 29.61% to Rs 3,610 crore compared to Rs 5,129 crore witnessed a year ago in the same period. Q3FY19 PAT was also down by 12.16% from Rs 4,110 crore registered in Q2FY19. On the other hand, Infosys revenue came in at Rs 21,400 crore in Q3FY19 which was higher by 20.26% as against Rs 17,794 crore in Q3FY18 and was sequentially up by 3.83% versus Rs 20,609 crore in Q2FY19.
Salil Parekh, CEO and MD said, "With increased client relevance, we saw double digit (10.1%) year-on-year growth in Q3 on a constant currency basis."
"We also had another strong quarter in our digital business with 33.1% growth and large deals at $1.57 billion which gives us confidence entering 2019," he added.
In dollar, the revenue was at $2,987 million, growth of 8.4% YoY and 2.2% QoQ. Operating profit was at $675 million - growth of 0.9% YoY and decline of 2.6% QoQ. Digital revenues stood at $942 million (31.5% of total revenues) in Q3FY19, which saw year-on-year growth of 33.1% and sequential growth of 5.0% in constant currency terms.
Going forward, FY 19 revenue guidance in constant currency revised upward to 8.5%-9.0%; Operating margin guidance retained at 22%-24%.
On Sensex, Infosys finished at Rs 683.70 per piece up by 0.58%.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
PPF Calculation: How much will you earn in 20 years by investing Rs 8,000, Rs 10,000, and Rs 12,000 monthly in Post Office Public Provident Fund?
)
7 Stocks to buy for long term: Analysts recommend 6 largecap, 1 smallcap scrips; Persistent Systems, Dalmia Bharat on the list
)
Top 3 Flexicap Mutual Funds With Best SIP Returns in 3 Years: Rs 9,000 monthly SIP in No. 1 fund has led into Rs 4.75 lakh wealth
)
Rs 7,00,000 One-time Investment in Mutual Funds: How many years can it take to create Rs 1,00,00,000-Rs 4,00,00,000 corpus at a given rate?
)
10 Stocks to buy for long term: Analysts recommend largecap, midcap, smallcap scrips; BEL, Tata Motors on the list
)
PSU Shares to Buy | Brokerage recommend 4 Maharatna, 2 Navratna, 1 Miniratna stocks; note down targets
)
Top 6 Mutual Funds With up to 47% SIP Return in 6 Months: No. 1 fund turned Rs 33,333 monthly investment into Rs 2.33 lakh in half year
04:29 PM IST