Infosys reported a better than street expected numbers in Q3, but is disappointed with its dollar revenue guidance for FY12.
Mumbai: Infosys, the second largest software services exporter, reported a better than street expected numbers in the third quarter of FY12 but the company disappointed with its dollar revenue guidance for FY12.
The company posted a net profit of Rs 2,372 crore in the third quarter, a growth of 24.5 per cent as compared to Rs 1906 crore in the previous quarter.
Its revenues moved up 14.8 per cent to Rs 9,298 crore from Rs 8,099 crore, quarter-on-quarter. CNBC-TV18 had expected a net profit of Rs 2,322 crore and revenues of Rs 9,223 crore.
Earnings before interest and tax (EBIT) jumped over 27 per cent to Rs 2,899 from Rs 2,281 crore.
EBIT margins improved at 31.17 per cent as against 28.16 per cent quarter-on-quarter.
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