Infosys revenue up 9.9%, profit up 6.7% in third quarter

Indian software services firm Infosys revenue rose 9.9 percent and profit increased 6.7 percent in the third quarter of 2013 compared with the same period last fiscal.

Infosys revenue for the third quarter ended December 31, 2013 increased to $2,100 million, while net profit rose to $463 million.

Infosys is India’s second-largest software services firm after Tata Consultancy Services (TCS).
“The year ahead looks exciting for the IT services industry. We believe the global economic environment has improved and our clients are gaining confidence to invest in their strategic initiatives,” said Infosys CEO and Managing Director SD Shibulal.

Infosys said the recent changes in organizational structure will enable the IT outsourcing firm to strengthen client relationships and increase market share.

Infosys raised its revenue growth forecast to 24.4-24.9 percent for the financial year ending March 31, 2014, from 21-22 percent estimated earlier.

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