India: Infosys Q3 net profit rises 7 per cent, beats estimates

Revenue rose 8.6 per cent to 172.73 billion rupees. Photograph:( Reuters )

Reuters Mumbai, Maharashtra, India Jan 13, 2017, 04.03 AM (IST)

India's second-biggest software services exporter Infosys Ltd reported on Friday a 7 per cent rise in third-quarter net profit on new client wins, beating street estimates.

Infosys posted a quarterly net profit of 37.08 billion rupees ($544.03 million), compared with 34.65 billion rupees a year earlier. Revenue rose 8.6 per cent to 172.73 billion rupees.

Analysts, on average, expected a profit of 35.44 billion rupees on revenue of 173.01 billion rupees, according to Thomson Reuters data.

(Reuters)