MUMBAI, Oct 14 — Indian software giant Infosys reported a 20.6 per cent rise in quarterly net profits today, boosted by increased demand for digital services from its Western clients during the pandemic. The Bangalore-headquartered firm posted a net profit of 48.45 billion rupees (RM2.7 billion)...
India’s IT outsourcing industry has proved a rare bright spot for the beleaguered economy, with Infosys and rival Tata Consultancy Services both offering employees salary hikes even as the country struggles with a prolonged slowdown and high unemployment. — Reuters pic
The Bangalore-headquartered firm posted a net profit of 48.45 billion rupees for the quarter ended September 30, up from 40.19 billion rupees a year earlier. “The strength and resilience of Infosys was fully visible in Q2 with operating metrics witnessing a healthy increase”, chief operating officer Pravin Rao said in a statement.
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