Infosys (NASDAQ:INFY) has posted strong third-quarter results, including year-over-year revenue growth of 13.7% and sequential growth of 2.4%.
For the quarter ended December 31, 2022, the leader in next-generation digital services and consulting achieved revenue of $4.7 million, up from $4.3 million in the year-ago quarter, and basic earnings per share of $0.19, a slight increase from earnings per share of $0.18 recorded for 3Q 2021.
It also posted its best quarter of large deal wins for the last eight quarters at $3.3 billion.
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Infosys (NASDAQ:INFY) CEO Salil Parekh noted that the company’s revenue growth was strong in the quarter, with both digital business and core services growing.
“This is a clear reflection of our deep client relevance, industry-leading digital, cloud, and automation capabilities, and the unrelenting dedication of our employees,” Parekh said.
“As reflected in the large deals momentum, we continue to gain market share as a trusted transformation and operational partner for our clients.”
Infosys chief financial officer Nilanjan Roy added: "Operating margins in Q3 remained resilient due to cost optimization benefits which offset the impact of seasonal weakness in operating parameters."
"Attrition reduced meaningfully during the quarter and is expected to decline further in the near term," Roy continued.
Shares of Infosys were up 1.2% at US$18.34 on Thursday morning.
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