Infosys Results Q3 2023: India’s second-largest IT firm Infosys reported a 13.4 percent rise in its consolidated net profit for the quarter that ended December 2022 at Rs 6,586 crore.  Infosys’ share prices closed at Rs 1,482 on the BSE just ahead of its Q3 results announcement on Thursday.

Here are the five Highlights and Key Takeaways of TCS Q3 Results of FY 2023 –

1. Infosys Q3 Result: Profit

The consolidated profit of the IT Firm stood at Rs 6590 crore, witnessing a rise of nearly 9.4 per cent from the previous quarter. The consolidated profit stood at Rs 6021 crore in the last quarter.

2. Infosys Result: Revenue Growth

The YoY revenue growth of Infosys stood at 13.7 percent while sequential growth stood at 2.4 percent.  Its consolidated revenue growth stood at 2.4 per cent (QoQ). The consolidated revenue from operations is up by 20.2 percent to Rs 38,318 crore against Rs 31,867 crore in the corresponding quarter last year. The company has raised revenue growth guidance to 16-16.5 per cent.

3. Infosys Q3 Result: Earnings and Income

Infosys’ consolidated income rose from Rs 36,538 crore in the previous to Rs 38320 crore in the quarter ending in December. On the other hand, the income from financial services rose by 12 per cent to Rs 11,240 crore.

4. Infosys Q3 Result: Attrition Rate

The company has hired 1,627 new employees this quarter, down by 2.8 per cent from 27.1 per cent in September 2022 quarter. Infosys' attrition rate of IT services stood at 24.3% in the December 2022 quarter.

5. Infosys Result: Manufacturing Income

The Manufacturing income stood at Rs 5100 crore.