<ul><li><keyword id="8548708" type="UNKNOWN" weightage="20" keywordseo="infosys-quarterly-growth">Infosys quarterly growth</keyword> in dollar terms was muted at 1%. </li><li>CEO Salil Parekh feels this ‘underscores’ the company’s digital transformation. </li><li>Year-on-year, revenue from digital has grown by 40.8% while Infosys’ core verticals report a negative growth of 5%. </li></ul>Infosys’ earnings for the third quarter posted a 23% increase in profit and xx% growth in revenue in rupee terms. However, the quarterly revenue growth was 1% in dollar terms without accounting for exchange rate changes. More importantly, the software exporter increased its full-year guidance for revenue growth to 10% to 10.5%. "Q3 results further underscore that we remain steadfast in our journey of sustained client relevance and deepening engagement with them, as they partner with us in navigating their next in the digital transformation era," said Infosys CEO and MD Salil Parekh. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[
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 However, the stock market was a step ahead. The share price of Infosys jumped 2% on Friday even before the new guidance was announced, narrowing the week’s losses to just 2.49%. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[
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 Yearly revenue from digital business grew by 40.8% whereas Infosys’ core verticals slowed down reporting negative year-on-year growth of 5%. “Large deal wins continue to be robust with a growth of 56% so far this year. We had a further reduction in attrition, demonstrating the results of our continued efforts towards strengthening employee engagement and value proposition,” said Pravin Rao, Infosys COO, during the earnings call. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue growth </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Full-year guidance </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10-10.5% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Deal wins </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$1.8 billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Digital services growth </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">40.8% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit growth </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$627 million </td></tr></tbody></table> Addressing the whistleblower allegations, Parekh said, “Our leadership has worked exceptionally well… Fortunately, that’s shows in the results that we have.” See also: <a href="https://www.businessinsider.in/business/news/infosys-audit-panel-absolves-ceo-parikh-cfo-roy/articleshow/73188900.cms?src=hp_latest">Infosys audit panel absolves CEO Parikh, CFO Roy</a> <a href="https://www.businessinsider.in/business/corporates/news/hcl-tech-tech-mahindra-infosys-wipro-q3-2020-earnings/articleshow/73169254.cms">HCL Tech and Tech Mahindra may post better earnings as Euro bank crisis affects Infosys, Wipro</a> <a href="https://www.businessinsider.in/business/corporates/news/infosys-vs-tcs-earnings-for-q2-2020/articleshow/71542601.cms">Here’s how Infosys and TCS earnings performance in Q2 2020 stack up against each other</a>

Infosys has raised full-year growth guidance⁠— the stock market was a step ahead of it

New Delhi, Jul 15 () The country's second-largest IT services major Infosys on Wednesday reported a 12.4 per cent rise in consolidated net profit to Rs 4,272 crore for June 2020 quarter. The company had posted a net profit (before minority interest) of Rs 3,802 crore in the year-ago period, Infosys said in a BSE filing. Its revenue grew 8.5 per cent to Rs 23,665 crore in the quarter under review from Rs 21,803 crore in the corresponding period last fiscal, it added. Globally, businesses have been impacted by COVID-19 pandemic. While Indian IT firms had seen some impact in March, this is the first full quarter factoring in the impact of disruption and lockdowns in various parts of the world, including India. The company expects its FY21 revenue to grow by up to 2 per cent in constant currency terms. In April, Infosys had refrained from providing a revenue outlook for FY21, citing uncertainty amid COVID-19 outbreak. In the June quarter, Infosys saw its revenues grow 1.5 per cent year-on-year in constant currency terms. "Our confidence and visibility for the rest of the year is improving driven by our Q1 performance and large deal wins," Infosys CEO and MD Salil Parekh said. SR BAL

Infosys Q1 net profit up 12.4 pc to Rs 4,272 cr

Infosys reports record $7.13 billion deal wins — raises revenue guidance after its best December quarter in eight years

New Delhi, Mar 30 () Infosys Foundation, the philanthropic arm of Infosys, on Monday committed Rs 100 crore to support efforts towards fighting COVID-19 in India. The Foundation has contributed half of this commitment (Rs 50 crore) to the PM CARES Fund, a statement said. This sum will primarily be utilised across three broad areas of support that the Foundation has prioritised, including expansion of hospital capacity for treatment and enable hospital stays for COVID-19 patients across India, especially ones belonging to the economically weaker sections of the society, it added. The funds will also be utilised to provide ventilators, testing kits, and Personal Protective Equipment (PPE) like masks, and other protective gear for frontline healthcare workers, and towards ensuring better access to food and nutrition for the underprivileged section of the society that is bearing the adverse economic impact of the current situation, the statement noted. Infosys Foundation, over the last two weeks, has announced support for creation of an exclusive hospital in Bengaluru for COVID-19 patients. It has also enabled the acquisition of medical and PPE equipment for multiple military and government hospitals across the country. The Foundation is also supporting various NGOs that provide food and hygiene kits to thousands of people in need. Corporate India has been rushing in to help the government and citizens fight the COVID-19 pandemic in India. Tata Trusts &amp; Tata Group together have pledged Rs 1,500 crore, by far the highest by any corporate. Reliance Industries' chief Mukesh Ambani has also committed a further Rs 500 crore to the Prime Minister's COVID-19 fund, topping up over the multi-crore initiative of India's first coronavirus hospital, meals to the needy, and fuel to emergency vehicles. "These are unprecedented times that require every section of the society to rise up to the challenge. Infosys Foundation has always supported the needs of the country in difficult situations and we will continue to work with governments, non-profits, and healthcare institutions in their fight against this global pandemic," Infosys Foundation Chairperson Sudha Murty said. She added that all efforts will be targeted towards ensuring that the relief material reaches the people who need it the most, whether it is a patient who cannot afford treatment, healthcare personnel, or daily-wage workers whose livelihood has been severely impacted. "The COVID-19 pandemic is one of the toughest challenges that the world has been faced with. At such a time, it is imperative for businesses to join hands with the governments, civil society, as well as healthcare institutions to support the communities we live and serve in," Infosys CEO and MD Salil Parekh said. He added that Infosys Foundations, both in India and in the US, are extending their resources and technological capabilities to help people who are most impacted by this pandemic. SR RVK

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Infosys has raised full-year growth guidance⁠— the stock market was a step ahead of it

Prabhjote Gill

Infosys Q1 net profit up 12.4 pc to Rs 4,272 cr

PTI

Infosys reports record $7.13 billion deal wins — raises revenue guidance after its best December quarter in eight years

Rounak Jain

Infosys Foundation commits Rs 100 cr towards COVID-19 relief efforts

PTI