Business / Infosys Q1 net profit rises 11.5% to ₹4,233 crore

Infosys posted an 11.5% year-on-year rise in net profit to ₹4,233 crore in the April-June quarter, compared to ₹3,798 crore at the same time a year ago. Its consolidated revenue increased 8.5% to ₹23,665 crore compared to ₹21,803 crore in the same period last year. Notably, Infosys signed $1.74 billion worth of deals in the three months to June 30.

Hindustan Times : Jul 15, 2020, 08:50 PM
Bengaluru: India’s Infosys Ltd on Wednesday reported a stronger-than-expected profit for the June quarter, as the software services firm managed to secure large deals from clients during the Covid-19 pandemic.

The Bengaluru-based company’s net profit climbed to 42.33 billion rupees ($563.8 million) from 37.98 billion rupees a year earlier.

Analysts on average had expected a profit of 39.87 billion rupees, according to Refinitiv data.

Revenue rose 8.5% to 236.65 billion rupees.