Infosys net up 7% in Q3

Bengaluru, Jan 13: Global software major Infosys Ltd on Friday reported a net profit of Rs 3,708 crore for the third quarter (October-December) of fiscal 2016-17, registering 7 per cent year-on-year (YoY) growth.

In a regulatory filing to the BSE, the IT firm said revenue for the quarter under review (Q3) rose 8.6 per cent YoY to Rs 17,273 crore, as per the Indian accounting standard.

Under the International Financial Reporting Standard (IFRS), net income grew 4.4 per cent YoY to $547 million and gross revenue 6 per cent YoY to $2,551 million for Q3.