Large deal wins power Infosys Q3 performance; labour code impact weighs on margins
Infosys secured significant large deals in the December quarter, exceeding revenue expectations. A one-time impact from labor code changes affected profits. The company also increased its FY26 revenue growth forecast. This follows positive results from peers like TCS and HCL Tech. Clients are adopting new AI technology platforms. Infosys saw its headcount rise and attrition rates fall.
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Tata Elxsi shares shed 3% after Q3 profit declines 45% YoY
Tata Elxsi shares fell over 3% after the company reported a sharp 45.3% year-on-year drop in Q3 net profit, hit by a one-time exceptional charge linked to changes in Indias labour laws. Revenue grew marginally, while adjusted profit declined 5.4%, reflecting continued pressure on margins despite steady demand in software services.
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