Infosys Q3 PAT beats the street! Consolidated Net Profit at Rs. 3465 crore

Revenue guidance increased to 12.8%-13.2% in constant currency.Volume growth was at 3.1% quarter on quarter.

Infosys Ltd has posted results for the third quarter ended 31st December, 2015.

The net profit for the quarter stood at Rs.3465 crore

The revenue for Q3 stands at Rs.15902 crore.

The Consolidated EBIT Margin was at 24.9%.

Revenue guidance increased to 12.8%-13.2% in constant currency.

Volume growth was at 3.1% quarter on quarter.

The attrition declined to 13.4% on standalone basis.

"We are starting to see creative confidence blossoming within Infosys - David Kelley's beautiful idea that innovation is not specific to one department but is an ability within all of us, waiting to unleash our full creative potential. We are seeing Infoscions becoming innovators, bringing innovation and client value to each individual project. This confidence can only come from a culture of learning and empowerment, and this is the kind of company we are endeavoring to create," said Dr. Vishal Sikka, CEO and MD. "Alongside grassroots innovation, we continue to see growing adoption of our Aikido services, bringing the power of intelligent systems,automation and software to amplify the skills and imaginations of our people. This combination helped us deliver encouraging results despite the traditional seasonality of the quarter and the additional headwinds, and will strengthen the execution of our strategy towards consistent profitable growth.

“The healthy volume growth this quarter has been encouraging. The lesser working days and our investments into additional trainees resulted in softer pricing and utilization for the quarter.” said U B Pravin Rao, President & COO. “Our continued focus on employee engagement is paying dividends resulting in lower attrition. We continue to simplify our policies and enable greater agility within the company, with the goal of boosting our productivity.”

“We have been able to navigate the quarter, better than our earlier expectations”, said M.D. Ranganath, CFO.“We will continue to focus on enhancing operational efficiency through multiple levers in the coming quarters.”

Investments and Acquisitions

Completed the acquisition of Noah Consulting, LLC, a leading provider of advanced information management consulting services for the oil and gas industry.

Invested in WHOOP, an early stage company that offers a performance optimization system for elite professional sports teams, and invested in CloudEndure, a startup that provides Cloud Migration and Cloudbased Disaster Recovery (DR) software.