Infosys Q1 net profit up 12.4 pc to Rs 4,272 cr
PTI, Jul 15, 2020, 5:07 PM IST
New Delhi: The country’s second-largest IT services major Infosys on Wednesday, July 15 reported a 12.4 percent rise in consolidated net profit to Rs 4,272 crore for June 2020 quarter.
The company had posted a net profit (before minority interest) of Rs 3,802 crore in the year-ago period, Infosys said in a BSE filing.
“Its revenue grew 8.5 percent to Rs 23,665 crore in the quarter under review from Rs 21,803 crore in the corresponding period last fiscal,” it added.
Globally, businesses have been impacted by the COVID-19 pandemic. While Indian IT firms had seen some impact in March, this is the first full quarter factoring in the impact of disruption and lockdowns in various parts of the world, including India.
The company expects its FY21 revenue to grow by up to 2 percent in constant currency terms.
In April, Infosys had refrained from providing a revenue outlook for FY21, citing uncertainty amid the COVID-19 outbreak.
In the June quarter, Infosys saw its revenues grow 1.5 percent year-on-year in constant currency terms.
“Our confidence and visibility for the rest of the year are improving driven by our Q1 performance and large deal wins,” Infosys CEO and MD Salil Parekh said.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
RBI launches next round of survey of manufacturing companies
Hotels, restaurants barred from levying service charge
Gujarat, Karnatka among best states in providing strong ecosystem for startups: DPIIT ranking
HDFC and HDFC Bank merger proposal gets nod from bourses
Discoms outstanding dues to gencos rise 4 pc to Rs 1.32 lakh cr in June
MUST WATCH
Latest Additions
Kerala Minister makes anti-Constitution remarks; triggers row
Padil-Pumpwell 4-lane road expected to complete by year end
2017 actress assault case: Kerala HC allows state plea for forensic analysis of memory card
NTT DATA Sponsors 12-day coaching camp for the top 56 visually impaired cricketers of CABI
PM Modi to inaugurate golden jubilee celebrations of Agradoot group of newspapers