Infosys Rallies 3% Post September Quarter Results

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At 10:10 am, Infosys shares were trading up 1.6% on BSE

Infosys shares rose more than 3% at the start of the session after its third quarter figures. On Wednesday after-hours, Infosys reported consolidated profit of Rs.5,421 crore in the quarter ended September 2021 quarter, an increase of 11.9% from the same quarter last year.

Infosys operating income in the September quarter was Rs 29,602 crore, compared to Rs 24,570 crore in the same quarter last year, marking a 20.48% year-on-year growth .

“ …. our sustained investments in expanding capabilities, including cloud differentiated play, … have uniquely positioned us to continue to effectively serve our customers, gain market share and emerge as the preferred cloud and digital transformation partner in the market, ” said Salil Parekh, CEO and CEO of Infosys.

Infosys has raised its annual revenue forecast or revenue forecast to 16.5-17.5% for the current fiscal year, from 14-16% previously forecast, while its margin forecast has been kept between 22-24. %.

At 10:10 am, Infosys shares were trading up 1.6 percent on BSE against a 0.5 percent rise in benchmarks.

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