Infosys reports a 7 per cent growth in its net profit for third quarter

On a geographical segment basis all the major markets of the company witnessed a decline. The North America business declined by 0.6 per cent, Europe declined by 2.5 per cent sequentially while India declined by 1 per cent.

The company’s industry segment also witnessed a decline in the revenue contribution. The Financial Services and Insurance one of the largest contributor to the company’s topline declined by 0.8 per cent, manufacturing and Hi-Tech declined by 1.5 per cent.

During the early morning trade Infosys shares were trading at Rs. 998.65 down 0.14 per cent.

(Sourced from agencies, Feature image courtesy:economictimes.indiatimes.com)