Infosys posts ~11% qoq rise in PAT for Q3FY20

Infosys posts ~11% qoq rise in PAT for Q3FY20

Leading IT major Infosys posted its Q3FY20 result post market hours on Friday.

The IT firm registered a qoq growth of 10.9% (rupee terms) at Rs4,109cr in the quarter ended December 2019. 

The company posted cc yoy growth at 9.5% yoy, and cc qoq growth at 1%. 

EDBITA grew at 6.9% qoq at Rs5,849cr. Revenue rose 2.0% qoq at Rs23,092cr. 

Digital cc growth came in at 40.8% yoy. Operating margin came in at 21.9%. 

Large deal signings stood at $1.8bn.

The company raised its FY20 revenue guidance to 10-10.5% from 9-10% earlier.

Infosys Ltd ended at Rs738.25 up by Rs10.7 or 1.47% from its previous closing of Rs727.55 on the BSE.

The scrip opened at Rs732 and touched a high and low of Rs742.80 and Rs730.80 respectively. A total of 97,01,154 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs3,09,922.25cr.

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