Infosys Q3FY16 numbers not only beat estimates but also upped full year guidance and this was great news for a market starved for any positive trigger. Its consolidated net profit for the quarter rose 2% (QoQ) at Rs.3465 crore on a 2% rise in revenue at Rs.15,902 crore. Its dollar revenue rose just a tad above 0.5% at $2407 million.

In terms of its guidance, it revised its dollar revenue growth up from 6.4 - 8.4% to 8.9 – 9.3%. It also upped its constant currency revenue guidance to 12.8 – 13.2% from 10 – 12% earlier.

Its realization dropped 2.5% and this had an impact on the margin – EBIT fell 0.85% to Rs.3959 crore and margin fell to 24.9%, down by 60 bps (QoQ).

Active clients at the end of December quarter stood at 1,045 v/s 1011 (QoQ). In terms of geographical distribution of revenue, QoQ, Europe rose 2.1%, India rose by a very good 23.1% but North America where over 60% of its earnings come from, declined 0.6%.RoW was status quo, almost.

In terms of verticals, FSI showed a 2.7% growth while energy, communication and services rose 4.2%. Manufacturing fell 3.7% and retail, CPG and logistics fell 0.5%.