Infosys Q1 Results: The company’s net profit stood at Rs 5,195 crore in June quarter
Infosys announced its April-June quarter results for the financial year 2021-22 on Wednesday, July 14, reporting a net profit of Rs 5,195 crore, up 22.7 per cent year-on-year, on a consolidated basis. The net profit of the country’s second-largest information technology (IT) services provider by market value increased in the quarter driven by securing large deals from global businesses to offer digital services amid the COVID-19 pandemic. Here’s all you need to know about Infosys’ April-June quarter results:The Bengaluru-based IT services company’s net profit in the first quarter of the current fiscal rose 22.7 per cent to Rs 5,195 crore, compared to Rs 4,233 crore in the corresponding quarter in the year-ago period. ”We grew at the fastest pace in Q1 in a decade, at 16.9 per cent year-on-year and 4.8 per cent quarter-on-quarter in constant currency,” said Mr Sahil Parekh, CEO, InfosysThe company’s revenue from operations in the June quarter stood at Rs 27,896 crore on a consolidated basis, compared to Rs 23,665 crore, marking a growth of 17.9 per cent year-on-year.During the quarter, the software services giant won large deals from global businesses to offer digital services, closing deals worth $2.6 billion, from $1.74 billion a year earlier.Infosys raised its annual revenue forecast or revenue guidance to 14 per cent – 16 per cent for the current financial year, compared to 12 per cent – 14 per cent predicted earlierInfosys along with its rivals Tata Consultancy Services (TCS) and Wipro benefited from rising demand for outsourcers as companies boost investments in cloud computing and digital payment servicesOn Wednesday, July 14, shares of Infosys settled 2.07 per cent higher at Rs 1,576.90 apiece on the BSE.
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