India’s second-largest IT services company Infosys said it sold its stake in data preparation software company Trifacta Inc for $12 million on Tuesday. The company said in an August 30 regulatory filing that the transaction was completed on August 29, 2022.

The company invested $4 million in Trifacta in 2016 and holds a minority stake of no more than 20% of the San Francisco-based company’s issued share capital.

Founded in 2012, Trifacta provides data-wrangling software that enables non-technical users to transform data easily for analysis. Investors in Trifacta include Accel, Greylock Partners, Ignition and Cathay Innovation.

Consolidated net profit for the April-June quarter rose 3.2% year-on-year to Rs 5,360 crore, Infosys reported. In the just-ended June quarter, its revenue rose 23.6% to Rs 34,470 crore, up from Rs 27,896 crore in the same period a year earlier.

Infosys has raised its full-year FY23 revenue forecast to 14-16% from its previous 13-15% forecast, supported by Q1 growth and a strong demand outlook.