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Paramita Bannerjee
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Paramita Bannerjee was born and raised in Kolkata, India. Having graduated from the ICSI, she was all set for a career in corporate governance but got drifted to finance and investments. She ventured into the world of stocks while in her internship with an accounting firm and has been addicted... More
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  • Infosys Q3 Consolidated Net Marginally Down At Rs 2,369 Cr Y-o-y; Beats Forecasts 0 comments
    Jan 13, 2013 11:52 PM

    Infosys, the country's second largest software exporter, reported the consolidated net profit of Rs 2,369 crore for three months to December 2012, marginally down from Rs 2,372 crore during the same period a year ago.

    With Rs 2,369 crore net profits, the company seems to have performed better than market expectations as most of the analysts had expected it to show decline of around 4-5 per cent, sequentially. During the September 2012 quarter, the company had posted the same net profit of Rs 2,369 crore.

    Also, the consolidated revenues of the company stood at Rs 10,424 crore, up around 12 per cent from Rs 9,298 crore during the year ago period. The rupee revenues of the company were expected to rise by around 2-4 per cent.

    However, the biggest relief came with its full year guidance which it has raised to USD 7.45 billion for the 2012-13, including USD 104 million from Lodestone which it acquired in 2012.

    Infosys

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