Infosys reported 12% Increase in Consolidated Net Profit

The second-largest software exporter of India, Infosys has reported an increase of 12% in its consolidated net profit at Rs 5,809 crore for the third quarter which is ending in December 2021. 

The consolidated revenue of the company rose 23% to Rs 31,867 crore. Infosys also revised its revenue guidance for FY22. The banking, financial services, and insurance units of the company also show growth of 16.85% in the third quarter of the financial year. 

Global companies boosting investments in services like cloud computing, digital payment infrastructure, and cyber security has benefited India's IT industry.