Infosys Q1 net grows 1.3% to Rs 3,483 cr

The second-largest Indian IT exporter Infosys reported 1.3 per cent growth in consolidated net profit at Rs 3,483 crore for the quarter to June 2017.

It had posted a net profit of Rs 3,436 crore in April- June of 2016-17, Infosys said. Revenue of the Bengaluru-based firm grew 1.7 per cent to Rs 17,078 crore in the June quarter as against Rs 16,782 crore in the year-ago period, it added.

However, on a sequential basis, Infosys’ net profit declined 3.3 per cent while revenues were down 0.2 per cent in rupee terms.

Infosys maintained its revenue growth forecast for 2017- 18 to be in the range of 6.5-8.5 per cent in constant currency and 7.1-9.1 per cent in U.S dollar terms.

(Agencies)

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