Infosys Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 12, 2023 at 05:08 am EST
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Infosys Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was USD 4,659 million compared to USD 4,250 million a year ago. Net income was USD 800 million compared to USD 774 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.18 a year ago. Diluted earnings per share from continuing operations was USD 0.19 compared to USD 0.18 a year ago.
For the nine months, sales was USD 13,657 million compared to USD 12,031 million a year ago. Net income was USD 2,237 million compared to USD 2,211 million a year ago. Basic earnings per share from continuing operations was USD 0.53 compared to USD 0.52 a year ago. Diluted earnings per share from continuing operations was USD 0.53 compared to USD 0.52 a year ago.
Infosys Limited is an information services company, their end-to-end business solutions include:
- consulting and systems integration comprising consulting, enterprise solutions, systems integration and advanced technologies;
- business IT services comprising application development and maintenance, independent validation services, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management;
- products, business platforms and solutions to accelerate intellectual property led innovation, including Finacle TM, our banking product, which offers solutions to address core banking, mobile banking and e-banking needs of retail, corporate and universal banks worldwide;
- newer areas such as cloud computing, enterprise mobility and sustainability.
Net sales break down by market between finance (29.8%), retail and logistics (14.5), telecommunications services (12.3%), manufacturing industry (12.9%), energy and utilities (12.6%), technology (8.1%), life sciences, health care and insurance (6.9%) and other (2.9%).
Net sales are distributed geographically as follows: India (2.6%), North America (61.8%), Europe (25.6%) and other (10%).
INFOSYS LIMITED 
