Infosys Q3 Results: Profit Up 9.2%, Revenue Growth Guidance Raised

Infosys Ltd. has raised its revenue growth guidance for the fiscal ending March 31, shrugging off a grim outlook for the IT sector at large.

Business Performance

According to Infosys' factsheet on its December quarter results, the BFSI segment accounted for the highest share of overall revenue. That was followed by retail, communications, manufacturing and hi-tech.

Geographically speaking, North America brought in more than 60% of Infosys' revenue. Europe accounted for more than a quarter.

As on Dec. 31, Infosys had 1,850 clients, including 134 new deals struck in the third quarter. The top 25 clients contribute more than 35% of the company's overall revenue. The company, at present, has nearly 1,000 million-dollar clients.

The company had a free cash flow of Rs 4,741 crore, as on Dec. 31, compared to Rs 4,752 crore on Sept. 30.

Shares of Infosys, which is in the midst of a buyback, have slipped about 23% from its peak about a year ago, shedding more than $30 billion in market capitalisation.

On Friday, the stock ended 0.62% higher at Rs 1,480.55 apiece.