Infosys, which provides IT services to clients including Apple Inc, Wal-mart Stores and Volkswagen, said profit in the quarter ended December 31 rose to Rs. 3,250 crores ($520.9 million) from Rs. 2,875 crores in the same year-ago quarter.
Analysts, on average, were expecting a profit of Rs. 3,153 crores, according to Thomson Reuters I/B/E/S.
Infosys, which has been losing market share and battling high staff attrition rates in the last few quarters, is looking to boost growth by focusing on high-margin services including artificial intelligence and automation.
The company won 59 new clients in the December quarter, it said in a statement.
© Thomson Reuters 2015