Infosys net profits at 38 % - Q3FY18 Result
Infosys net profits at 38 % - Q3FY18 Result Infosys - one of the Indian IT giant announced its Quarterly result (Q3FY18) this week with a remarkable 38 % Net profit as compared to last quarter for the financial year 2017-18. The second largest company in the IT industry after TCS (Tata Consultancy services), had earned a net profit of Rs. 5129 Crores for the Q3 (Oct - Dec' 2017), with a margin of 38 percent plus. The New CEO of the infosys, Salil Parekh said that the results are consistent at 8 % growth for the past few years and the recent quarter gives the strength to the concern. The Revenue had with the 1.3 percent growth to Rs. 17,794 Crores. Tax expenses provision also reduced to Rs. 144 crores on QoQ, previously with Rs. 1,471 crores. Recent quarterly result growth mostly comes from the Retail, Energy, Logistics, Telecommunication. Also the growth slow down to the Financial and Insurance services to 0.3 percent. ...