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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# 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.”
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.
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.