Infosys has announced an 11% rise in profit for the latest quarter, thanks to robust demand for its digital and cloud services. The IT giant’s net profit reached ₹6,588 crore ($800 million), compared to ₹5,933 crore ($724 million) from the same period last year. In light of this strong performance, Infosys has updated its full-year revenue growth forecast to 6%-8%, an increase from the earlier estimate of 5%-7%. This adjustment reflects the company’s confidence in the ongoing demand for technology solutions as businesses continue to invest in digital transformation. The growth was driven by heightened demand in sectors such as cloud computing, automation, and cybersecurity, with Infosys experiencing significant expansion in its large-scale contracts. CEO Salil Parekh expressed optimism, highlighting the company’s ability to adapt to market changes and enhance its client relationships.
Infosys reports an 11% increase in profit, leading to an upward revision of its full-year revenue forecast.
