Infosys Q3 net profit rises 38% on year to Rs 5,129 crore, far beats street expectations
India?s IT major Infosys Q3 net profit came in at Rs 5,129 crore, as against Rs 3,599 crore in the same period previous fiscal, far beating analyst estimates by leaps and bounds. A CNBC TV18 poll had expected the company to post net profit of Rs 3,609 crore, down 3.14 percent compared to Rs 3,726 crore in previous quarter. Notably, the company reversed income tax expense provisions of Rs 1,432 crore on US IRS agreement.
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