Infosys net profit flat in third quarter

Infosys Ltd posted Rs.2,369 crore (Rs.23.69 billion) net profit for the third quarter (Oct-Dec) of this fiscal (2012-13), registering a flat growth year-on-year (YoY) in rupee terms.

In a regulatory filing Friday, the IT bellwether said consolidated income for the quarter under review (Q3) increased 12 percent YoY to Rs.10,424 crore (Rs.104 billion) and 5.7 percent sequentially.

Under the International Financial Reporting Standards (IFRS), net income, however, declined 5.2 percent YoY to $434 million for the quarter from $458 million in like period year ago and marginally down (0.7 percent) sequentially.

Consolidated revenue rose 5.8 percent YoY to $1.9 billion from $1.8 billion year ago and 6.3 percent sequentially from $1.8 billion.