2nd LD Writethru Indian IT outsourcing major registers 13 pct profit rise in last quarter 2014
Xinhua, January 9, 2015 Adjust font size:
India's outsourcing major Infosys registered a 13 percent growth in consolidated net profit to 32.50 billion rupees (520 million U.S. dollars) for the quarter ended Dec. 31, 2014, said the company Friday.
The company's revenue has risen by 5.91 percent to 137.96 billion rupees (2.25 billion U.S. dollars).
Infosys, which is also India's second-largest IT exporter, had a net profit of 28.75 billion rupees and consolidated revenues of 130.26 billion rupees in the year-ago correspondent period, the company said.
The Infosys shares at the Mumbai stock exchange surged 7 percent shortly after the announcement by the company.
"We are excited by several breakthrough results in Q3," said Infosys CEO and managing director Vishal Sikka, adding that "Our ' renew and new' strategy is being received well by our clients and our ecosystem and we are already seeing its early adoption."
He further said that based on its strong performance, the company is intensifying efforts to deepen employee engagement and client ecosystem. Endi