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Infosys Raises Revenue Forecast

Infosys Ltd. raised its income development projection helped by strong deal wins even as India’s second biggest IT company’s benefit and edge missed analyst expectations.Net profit fell 12.2 percent sequentially to Rs 3,610 crore in the October-December period, the organization said in its exchange filing. That compares with Rs 4,136-crore consensus estimate of analysts surveyed by Bloomberg
Revenue rose 3.8 percent quarter-on-quarter to Rs 21,400 crore.
Revenue in dollar terms rose 2.3 percent to $2,987 million, in line with estimates.
Working profit fell 10.5 percent to Rs 4,379 crore.
Working margin fell 110 basis points to 22.6 percent.

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