The company has lowered the upper limit of its revenue guidance to 8.8 per cent in constant currency (CC) terms from 9 per cent earlier. The IT firm has given a CC revenue guidance of 8.4-8.8 per cent against 8-9 per cent earlier. In dollar terms, the company has guided for 7.2-7.6 per cent revenue growth for the ongoing financial year.

NEW DELHI: IT Major Infosys on Friday reported a 2.83 per cent rise in net profit to Rs 3,708 crore for the December quarter. This was better than Rs 3,557.20 crore profit anticipated by analysts at an ET Now poll.The company had in September quarter reported a net profit of Rs 3,606 crore."Taking into account seasonal and other additional headwinds for the quarter, our Q3 revenue performance was broadly in line with our expectations," CEO and MD, Vishal Sikka , said.Rival TCS had on Thursday reported a 2.9 per cent QoQ rise in net profit to Rs 6,778 crore for the December quarter, which was higher than Rs 6,432 crore profit anticipated by analysts at an ET Now poll.Operating margins for the quarter expanded by 20 basis points to 25.1 per cent, while net margins jumped 60 basis points to21.5 per cent on a sequential basis.Following the results, the stock was trading 1 per cent lower in morning trade.The company has appointed Ravikumar S as Deputy COO reporting to UB Pravin Rao with immediate effect. In addition to his current responsibility of heading the global delivery organisation, Ravikumar S will oversee certain business enabling functions.“In a seasonally soft quarter, our utilisation has remained healthy,” Rao said.