Business

Infosys net profit up 10.5 pc to Rs 4 078 cr

IT major Infosys on Friday reported 10.5 per cent growth in consolidated net profit at Rs 4,078 crore for the March 2019 quarter as against Rs 3,690 crore a year ago.

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Revenue of the city-based firm grew 19.1 per cent to Rs 21,539 crore in the quarter under review from Rs 18,083 crore in the corresponding period last fiscal, Infosys said in a BSE filing. The country’s second-largest software services firm expects its topline to grow 7.5 - 9.5 per cent in FY 2019-20 in constant currency terms.


For the full financial year, Infosys’ net profit declined by 3.9 per cent to Rs 15,410 crore, while revenue increased 17.2 per cent to Rs 82,675 crore.


“Our planned investments have started yielding benefits. As we look ahead into fiscal 2020, we plan to deploy various measures of operational efficiencies across the business,” Infosys CEO and Managing Director Salil Parekh said. He termed the results as strong on multiple dimensions including revenue growth, performance of digital portfolio, large deals and client metrics.

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