Infosys, a leading IT services company, recently reported strong third-quarter results with a significant increase in both profit and revenue. Despite this positive news, the company’s stock price tumbled by 5.15% on the BSE.
The net profit of Infosys rose by 11.46% year-on-year to ₹6,806 crore, while the revenue increased by 7.58% year-on-year to ₹41,764 crore. The company also raised its full-year revenue growth guidance to 4.5-5% in constant currency terms, reflecting its strong performance in Q3 and increased deal wins.
The stock had reached a 52-week high of ₹2,006.80 on December 13, 2024, and a low of ₹1,359.10 on June 4, 2024. Despite the recent dip in share price, the overall performance of Infosys remains strong.
Investors and market analysts are closely watching the company’s next steps and future outlook, as the IT sector continues to evolve rapidly. Stay tuned for more updates on Infosys and other developments in the technology industry.
