Infosys Q3 revenues up 6% to $ 2.22 bn, profit up 13%

IT services provider Infosys today said its revenues rose 5.6 percent to $ 2,218 million in the third fiscal quarter in 2014, while net profit grew 12.7 percent to $522 million.

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Main geographies

# North America 61.6 percent

# Europe 24 percent

# India 2.5 percent

# Rest of the World 11.9 percent

Main business areas

# Business IT services 62.8 percent

# Consulting 32.6 percent

# Products and platforms 4.6 percent

Main industry segments

# BFSI 33.1 percent

# Manufacturing 23.4 percent

# Retail and lifestyle 23.5 percent

# Energy and Communications 20 percent

# Telecom (part of energy) 8.7 percent

Vishal Sikka, CEO and managing director of Infosys, said. “Based on our strong performance, we are intensifying our efforts to deepen employee engagement, client ecosystem and strengthen our foundation of education as we build a next generation services company that innovates for consistent profitable growth.”

Infosys CEO Vishal Sikka

The Bangalore-based company has expanded its Innovation Fund from the current $100 million to $500 million to support the creation of a global eco-system of strategic partners. The capital will be used to invest into young companies world-wide innovating in areas such as AI, Automation, Internet of Things, Collaboration and Design.

Infosys and its subsidiaries added 59 clients during the third quarter of fiscal 2015.

Infosys revenue by industry in Q3 fiscal 2015

The gross addition of employees was 13,154. The total number of employees stands at 169,638 as on December 31, 2014.

“Our sequential revenue growth in Q3 was adversely impacted to the extent of 1.8 percent due to USD appreciation against other major currencies,” said Rajiv Bansal, chief financial officer of Infosys.

Baburajan K
[email protected]