IT major, Infosys today reported a 6.1 per cent year-on-year rise in its consolidated quarterly net profit, to 3,606 crore rupees. Consolidated revenue rose 10.7 percent. Infosys has decreased its revenue guidance for the second time this year due to near-term uncertain business outlook. Revenue is expected to grow 8 to 9 per cent in constant currency, from 10.5 to 12 per cent growth projected earlier. Infosys CEO Vishal Sikka said that in the long term the IT industry's future lies in evolving from a cost-based, people-only model, to one in which people are amplified by software and artificial intelligence. The company's operating margins expanded 80 basis points sequentially due to further improvement in operational efficiency.