Infosys net up 21 percent in third quarter

Mysore (Karnataka), Jan 10 (IANS) Infosys reported net profit of Rs.2,875 crore for third quarter (Oct-Dec) of this fiscal (2013-14), posting 21.4 percent year-on-year (YoY) growth.

In a regulatory filing to stock exchanges Friday, the IT bellwether said consolidated revenue for the quarter under review (Q3), increased 25 percent YoY to Rs.13,026 crore as per the Indian accounting standard.
Under the International Financial Reporting Standard (IFRS), net income rose 6.7 percent to $463 million and gross revenue by 1.7 percent to $2.1 billion for the quarter.