The company recorded an operating profit of $491 million compared to $560 million in the prior-year period.
During the reported quarter, revenue in North America grew 1.6% both sequentially and in constant currency. In Europe, revenues grew 16.6% sequentially and 14.4% in constant currency. Revenues in India grew 44.7% sequentially while revenues from the Rest of the world increased 7.4% both sequentially and in constant currency.
Revenues in the Financial Services segment (FSI) climbed 6.4% sequentially and 6.0% in constant currency in the third quarter of 2012. Manufacturing segment (MFG) revenues increased 4.6% sequentially and 4.0% in constant currency. Revenues from the Retail and Life Sciences division (RCL) went up 6.6% sequentially and 6.2% in constant currency, while revenues in the Energy, Utilities, Communications & Services (:ECS) improved 7.8% sequentially and 7.1% in constant currency.
The company recorded an operating profit of $491 million compared to $560 million in the prior-year period. Net profit after tax was $434 million for the quarter, down 5.2% year over year.
Operating margin during the reported quarter contracted 531 basis points (bps) to 25.7% versus 31.0% in the prior year period. Margins of the company have been under pressure for more than 4-5 quarters now.