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Strong Q3 numbers: Infosys raises revenue guidance for 2020-21

Strong Q3 numbers: Infosys raises revenue guidance for 2020-21
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Strong Q3 numbers: Infosys raises revenue guidance for 2020-21

Robust Q3 numbers: Infosys raises income steerage for 2020-21

Nilanjan Roy, CFO, Infosys, said the focus on optimising operational costs and sub-contract costs helped. “We definitely benefited from not having travel expenses,“ Roy said.Nilanjan Roy, CFO, Infosys, mentioned the deal with optimising operational prices and sub-contract prices helped. “We positively benefited from not having journey bills,“ Roy mentioned.

Infosys on Wednesday upped income steerage for 2020-21, saying it might improve by 4.5-5.5% in fixed foreign money phrases, higher than the 2-3% projected earlier. The optimism stemmed from a powerful Q3FY21 numbers through which revenues rose 5.5% sequentially to Rs 25,927 crore and internet income elevated to Rs 5,197 crore, up 7.3% quarter-on-quarter. The IT main’s working revenue margins got here in at a sturdy 25.4%.

Infosys CEO and MD Salil Parekh mentioned the corporate’s capabilities in areas of digital and cloud have been enabling it to win purchasers, together with world majors reminiscent of Vanguard, Daimler and Rolls-Royce.

info data

TCS had reported a stellar set of numbers for the December quarter, posting a internet revenue of Rs 8,701 crore, up 3.2% quarter-on-quarter and robust Ebit margins of 26.6%.

Nilanjan Roy, CFO, Infosys, mentioned the deal with optimising operational prices and sub-contract prices helped. “We positively benefited from not having journey bills,“ Roy mentioned.

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