Infosys net profit increases 21.4%

India’s second-largest software company Infosys, has registered 21.4% growth in net profit to Rs 2,875 crore in the third quarter ended December 31, 2013. Infosys had Rs 2,369 crore profit in the same period last year. Beating the market prediction of 13-16% net profit, Infosys has done remarkably well in the third quarter led by Founder and Executive Chairman N R Narayana Murthy.

Revenue also increased 25% to Rs 13,026 crore from Rs 10,424 crore last year. Market predicted 23-26% rise in revenue.

Announcing the news, Infosys CEO and Managing Director SD Shibulal said, “The year ahead looks exciting for the IT services industry. We believe the global economic environment has improved and our clients are gaining confidence to invest in their strategic initiatives.”

“The recent changes in organisational structure will enable us to strengthen client relationships and increase market share,” he added.

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