Below are top six takeaways from Infosys' December quarter results:
Revenue rose 8.6 per cent to Rs 17273 crore in the three month period to December. The company had reported profits of Rs 3606 crore on revenue of Rs 17310 crore in the third quarter last year.
2) Earnings per share
EPS in the third quarter grew 2.8% sequentially and 7% year-on-year to Rs 16.22. It stood at Rs 15.77 in the September quarter and Rs 15.16 in the December quarter last year.
3) Margin growth
Q3 operating margins expanded 0.2% to 25.1% and net margins expanded 0.6% to 21.5% sequentially.
4) Attrition falls
Attrition declined sequentially by 0.8% to 14.9% on standalone basis and 1.6% to 18.4% on consolidated basis. Standalone and consolidated attrition figures came in at 15.7% and 20%, respectively in the September quarter of FY17.
5) Management changes
The Company has appointed Ravikumar S as Deputy Chief Operating Officer with immediate effect. In addition to his current responsibility of heading the global delivery organization, Ravikumar will oversee certain strategic business enabling functions and will be based in India.
In Q3, we continued to make progress on our strategy to renew our core services, introducing new offerings in the areas of digital, cloud, data sciences, mainframe modernization, cyber security, API microservices, internet of things, and more, to help our clients renew their core businesses, said the IT major in a filing to BSE.
In addition, the company's Zero Distance program continued to be a key strategic differentiator to drive ongoing, grassroots innovation in every project, it said. Zero Distance program is company's internal push to drive innovation in each projects it is handling.
7 Client wins
said it added 77 clients during the three months to December, including two clients in the $75 million-plus revenue category.