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Infosys third-quarter profit drops nearly 30% to ₹3,609 crore

India’s second-largest IT services firm Infosys reported a nearly 30% fall in third-quarter profit at ₹3,609 crore, missing analyst estimates. The Bengaluru-based company made a profit of ₹5,129 crore a year ago, helped by tax benefits from the firm’s deal with the US Internal Revenue Service. Infosys’ revenue from operations in the quarter rose 20.3% to ₹21,400 crore.