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Stock impact report

India's Infosys third-quarter profit falls 29.6 percent, misses estimates [Reuters]

Infosys Limited American Depositary Shares (INFY) 
Last infosys limited american depositary shares earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: infosys.com/investors
Company Research Source: Reuters
India's Infosys third-quarter profit falls 29.6 percent, misses estimates | Reuters 1 Min Read (Reuters) - Indian IT services bellwether Infosys Ltd on Friday reported a 29.6 percent fall in third-quarter net profit, well below market expectations. Profit attributable for the three months through Dec. 31 was 36.09 billion rupees ($511.94 million), missing the average estimate of 41.31 billion rupees from 25 analysts compiled by Refinitiv Eikon. Last year, it made a profit of 51.29 billion rupees, helped by tax benefits from the firm’s deal with the U.S. Internal Revenue Service. India’s second-biggest software services exporter by market cap after Tata Consultancy Services Ltd said revenue from operations in the quarter rose 20.3 percent to 214 billion rupees. Reporting by Arnab Paul and additional reporting by Krishna V Kurup in Bengaluru; editing by Christopher Cushing and Jason Neely All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays Show less Read more
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