Infosys revenue up 35 per cent

Infosys profit was up by a third

Infosys has reported third-quarter revenue up 35 per cent to 57.86bn rupees (£805m) in an important boost for the Indian IT market after the scandal enveloping rival Satyam.

Net profit after tax was 16.4bn rupees (£228m), a 33 per cent increase on the same period last year.

"In a challenging environment, our focus is on creating value for clients, running an optimised business, and evolving our business model that will allow us to emerge stronger when the global economy starts recovering," said Infosys chief executive S. Gopalakrishnan.

The Indian IT sector is under intense scrutiny after Satyam chairman Ramalinga Raju resigned last week after admitting to inflating company profits by 50.4bn rupees (£682m) over the past seven years, causing the company's stock to plummet by more than 60 per cent.