Infosys net up 13 per cent in first quarter

Infosys net up 13 per cent in first quarter

Bengaluru, July 15 (IANS) Global software major Infosys on Friday reported Rs 3,436 crore consolidated net profit for first quarter (April-June) of this fiscal (2016-17), a 13.4 per cent annual growth.

In a regulatory filing to BSE, the IT major said consolidated revenue for the quarter (Q1) grew 16.9 per cent year-on-year (YoY) to Rs 16,782 crore, as per the Indian accounting standard.

Under the International Financial Reporting Standard (IFRS), net income rose 7.4 per cent YoY to $ 511 million and gross revenue 10.9 per cent YoY to $ 2,501 million ($2.5 billion).

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