Infosys Q3 Profit Rises By $808 Million, Beats Estimates

Indian software services company Infosys reported a quarterly profit that beat estimates on Thursday, helped by a strong deal pipeline despite a challenging macro environment.

Consolidated net profit at the country's No.2 IT services firm by revenue rose to 65.86 billion rupees ($808 million) in the three months to Dec. 31, from 58.09 billion rupees a year ago.

Analysts on average had expected a profit of 65 billion rupees, according to Refinitiv IBES data. 

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