Business

Infosys March Quarter Net Profit Rises 13% To Rs 4,074 Crore

Infosys March Quarter Net Profit Rises 13% To Rs 4,074 Crore

Infosys' net profit in the January-March quarter rose 13 per cent to Rs 4,074 crore compared with Rs 3,609 crore in the October-December quarter, the company said in a regulatory filing on Friday.

Its revenue advanced 0.65 per cent to Rs 21,539 crore from Rs 21,400 crore sequentially, said the country's second largest information technology company.

The board of directors of the company also approved a final dividend of Rs 10.50 per share subject to approval of the shareholders.

Infosys revenue in dollar terms rose 2.4 per cent (QoQ) to $3,060 million and on the constant currency terms Infosys revenue grew 2.1 per cent sequentially.

On the operational front, Infosys' EBIT or operating profit came in at Rs 4,618 crore compared with Rs 4,379 crore in the December quarter.

Commenting on the earnings Salil Parekh, CEO and MD of Infosys said: "We have completed the first year of our transformation journey with strong results on multiple dimensions including revenue growth, performance of our digital portfolio, large deal wins, and client metrics. This is a reflection of our increased client relevance stemming from our focus on digital, positioning, and longstanding client relationships."

"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," Mr Parekh added.



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