Infosys Q1 net profit rises 11.4% to Rs 4,233 crore

(File photo)

NEW DELHI: The country’s second largest IT services form Infosys on Thursday reported a 11.4 per cent growth in its consolidated net profit for the first quarter ended June 30.
The company reported a net profit of Rs 4,233 crore in the period under consideration as against a profit of Rs 3,798 crore posted in the same quarter last year.
In terms of quarterly growth, Infosys posted a 2.03 per cent fall in its net profit from Rs 4,321 crore posted in the fourth quarter ended March 31.
“Our Q1 results, especially growth, are a clear testimony to the relevance of our service offerings and deep understanding of clients’ business priorities which is resonating with them in these times. It also demonstrates the remarkable dedication of our employees and leadership during this period,” said Salil Parekh, CEO and MD of Infosys.
“Our confidence and visibility for the rest of the year is improving driven by our Q1 performance and large deal wins,” he added.
Shares of Infosys finished 48.25 points or 6.16 per cent higher at Rs 831 on the BSE. While, it surged 50.70 points or 6.47 per cent to close at Rs 834 on the NSE.

Source link

Leave a Comment