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 10.1% CC YoY Revenue Growth in Q3 Leads to Upward Revision in Guidance
   Friday, January 11, 2019 6:00:00 AM ET

10.1% CC YoY Revenue Growth in Q3 Leads to Upward Revision in Guidance


Infosys (NYSE: INFY) announces results for the Quarter ended December 31, 2018


Bengaluru, India – January 11, 2019

“With increased client relevance, we saw double digit (10.1%) year-on-year growth in Q3 on a constant currency basis”, said Salil Parekh, CEO and MD. “We also had another strong quarter in our digital business with 33.1% growth and large deals at $1.57 billion which gives us confidence entering 2019”, he added.

  • Q3 19 revenues grew year-on-year by 8.4% in USD terms; 10.1% in constant currency terms
  • Q3 19 revenues grew sequentially by 2.2% in USD terms; 2.7% in constant currency terms
  • Digital revenues at $942 million (31.5% of total revenues), year-on-year growth of 33.1% and sequential growth of 5.0% in constant currency terms
  • 9 months revenues grew by 7.4% in USD terms; 8.1% in constant currency terms
  • FY 19 revenue guidance in constant currency revised upward to 8.5%-9.0%; Operating margin guidance retained at 22%-24%
  • Announces buyback under open market route of `8,260 crore at a Maximum price of `800 per share
  • Announces a special dividend of `4 per share


For the full press release, please go here .



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