IT major Infosys reported stronger-than-expected third quarter results on Thursday. The company's consolidated net profit rose 33.25 per cent to Rs 2,372 crore for the quarter ended December 31, 2011. The profit after tax (PAT) of the company rose 24.4 per cent to Rs 2,372 crore in the third quarter against Rs 1,906 crore in second quarter.
Infosys said on Thursday that it does not expect any growth in the pricing of contracts going forward. This is the worth of each contract it signs as a vendor with customers. The company got about 5 per cent hike over the past one year when it signed up new customers or renewed contracts. However, the outlook is of a flat pricing scenario going forward. This means the company will have to renew contracts or take on new contracts at current prices. This affects the overall revenue and profitability of the business.
In an interview with NDTV's Prashant Nair, SD Shibulal, CEO and MD, Infosys and Rajiv Bansal, VP and Head (Finance), Infosys give a bird's eye view of the company's current quarter performance, overall business and future plans.
Below is the complete interview. Don't miss the accompanying video.
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