Infosys Q1 net up 4.98 pc at Rs 3,030 cr; shares soar 6 pc

July 21, 2015 10:22

IT major Infosys today reported close to 5 per cent increase in consolidated net profit to Rs 3,030 crore for the quarter ended June 30, 2015, compared to that in the same period of previous year.

The Bengaluru-based firm had reported a net profit of Rs 2,886 crore in the year-ago period, it said in a BSE filing.

Consolidated revenue for the quarter was up 12.4 per cent to Rs 14,354 crore, from Rs 12,770 crore in April-June, 2014.

For whole 2015-16, the country's second-largest software services firm expects revenue to grow 7.2-9.2 per cent in US Dollar terms, and 11.5-13.5 per cent in rupee terms.

Industry body Nasscom expects the Indian IT-BPM sector to grow 14-16 per cent in dollar terms for the fiscal.

"Our efforts in redesigning our clients' experience and our widespread adoption of innovation, both in grassroots and breakthroughs, are starting to bear fruit in large deal wins and in the growth of large clients," Infosys CEO and Managing Director Vishal Sikka said.

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