India's second-largest IT services company Infosys on Tuesday said it has divested its stake in data preparation software company Trifacta Inc for $12 million.
The
company had invested $4 million in Trifacta in 2016 and has a minority holding
not exceeding 20 percent of the outstanding share capital of the San Francisco-based
company.
Founded
in 2012, Trifacta provides data wrangling software that enables non-technical
users to easily transform data for analysis. Trifacta's investors include
Accel, Greylock Partners, Ignition, and Cathay Innovation.
Infosys
reported a 3.2 percent year-on-year rise in consolidated net profit to Rs 5,360
crore for the April-June quarter. Its revenue rose by 23.6 percent to Rs 34,470
crore in the just-ended June quarter, from Rs 27,896 crore in the corresponding
quarter of the previous year.
Infosys
has raised its full-year FY23 revenue guidance to 14-16 percent against the
13-15 percent it had projected earlier, backed by Q1 growth, and a strong
demand outlook.
Source: dailyhunt.in