Infosys, India's second largest software exporter, today reported a better-than-expected growth in consolidated net profit for the quarter ended Sep. 30, 2015.

For the quarter ended Sep. 30, 2015, net profit increased 9.8% to Rs 33.98 billion  as compared to Rs 30.96 billion in the same period last year. On sequential basis, the company registered a rise of 12.1% in the net profit.

According to the polls, market expected profit to come at Rs 32.44 billion.

Revenues for the current quarter increased to Rs 156.35 billion from Rs 133.42 billion for the quarter ended Sep. 30, 2014, representing an increase of 17.2%. On quarter-on-quarter basis, the company  showed an increment of 8.9% in the revenues.

EPS for the current quarter stood at Rs 14.87, up 5% from Rs 13.55 in the same period last year.

Fiscal year ending March 2016, the company expects revenues to grow 10%-12% in constant currency and 6.4%-8.4% in USD terms.

 Vishal Sikka, CEO and MD of Infosys said, ''We are experiencing a once-in-a-generation opportunity for a services company to help businesses maximize their potential with technology. From automation and AI helping to simplify and enable existing landscapes as well as build intelligent systems that help us solve our most complex emerging problems, to education and design helping us to rethink the human experience and helping uncover our most important horizons, a great services organization can truly partner with and amplify businesses.''

U. B. Pravin Rao, COO of the company said, ''We had strong all-round growth during the quarter driven by recent initiatives around service differentiation,  improvement in client mining and higher focus on winning large deals.''

Rajiv Bansal, CFO of Infosys commented, ''Our relentless focus on operational efficiencies has resulted in increase in operating margins despite higher variable payouts.''

Shares of the company declined Rs 29.65, or 2.54%, to trade at Rs 1,138.20. The total volume of shares traded was 459,992 at the BSE (9.27 a.m., Monday).