Infosys Q3 profit misses estimates on weak demand

Credit: REUTERS/CHRIS HELGREN

BENGALURU, Jan 11 (Reuters) - Infosys INFY.NS, India's No.2 IT services provider, missed quarterly profit estimates on Thursday, hurt by weak demand from clients amid global economic uncertainty.

Consolidated net profit fell 7.3% to 61.06 billion rupees ($735.55 million) in the seasonally weak third quarter from a year earlier.

Analysts, on average, expected a profit of 61.67 billion rupees, as per LSEG data.

($1 = 83.0130 Indian rupees)

(Reporting by Haripriya Suresh; Editing by Eileen Soreng)

((Haripriya.Suresh@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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