Infosys Limited (NYSE: INFY) reported third-quarter 2021 earnings results Wednesday. Revenue increased to $3.5 billion from $3.2 billion last year. Analysts had expected revenue of $3.38 billion.
The net profit rose to $705 million from $626 million, while earnings per share increased from $0.15 to $0.17, compared to analysts’ estimate of $0.15 per share.
Digital revenues surpassed 50% of total revenue, with a year-on-year growth of 31.3% in constant currency.
“The Infosys team has delivered another quarter of excellent results. Execution of client-relevant strategy focused on digital transformation continues to drive superior growth, well ahead of the industry,” said Salil Parekh, CEO, and MD of the company.
Infosys’ stock closed at $18.76 on Tuesday evening. It rose 3% on Wednesday morning after the press release.
Looking for more insights?
Read the full conference call transcript here. It’s free!
Shares of Lyft Inc. (NASDAQ: LYFT) were up 8% in afternoon hours on Wednesday. The stock has gained 53% over the past 12 months and 25% since the beginning of
Department store chain Target Corp. (NYSE: TGT), which has been thriving on the pandemic-driven shopping boom since early last year, maintained its strong performance during the holiday season and entered
Dollar Tree (NYSE: DLTR) reported fourth-quarter financial results before the opening bell on Wednesday. The discount store reported a 7% increase in Q4 net sales to $6.7 billion. The company