Infosys, India's second-largest IT services provider, reported better-than-expected third-quarter revenue on Thursday, aided by a pickup in demand in its banking and financial services vertical, and raised its full-year revenue forecast.

Results: However, despite these positive earnings, Infosys' stock closed 1.21 per cent lower at Rs 1,926.20 on Thursday, January 16 on the BSE., Companies News - Times Now

Revenue from operations, however, moved up 7.1 per cent to Rs 9,660.9 crore in Q3 FY25 from Rs 9,016.6 crore in the corresponding period last fiscal.

Indian software services provider LTIMindtree on Thursday reported third-quarter revenue above estimates, propelled by execution of large deals won in previous quarters.

LTIMindtree’s order book grew to $1.68 billion, its highest quarterly deal wins. This is an increase of 29% sequentially.

Infosys, India's second-largest IT services exporter, reports an 11% year-on-year growth in consolidated net profit to Rs 6,806 crore, with revenue from operations increasing by 8% to Rs 41,764 crore.

Indian software services provider LTIMindtree on Thursday reported third-quarter revenue above estimates, propelled by execution of large deals won in previous quarters.

Infosys upgraded its FY25 revenue growth guidance to 4.5-5 per cent in constant currency (CC) terms from 3.75-4.5 per cent. It maintained its margin guidance at 20–22 per cent.

Infosys reported Q3FY25 earnings with a profit of ₹6,806 crore, an 11.4% increase year-on-year. Revenue rose 7.6% to ₹41,764 crore. The stock closed down 1.21% at ₹1,926.20 on January 16, 2025.