NEW DELHI: India’s second largest software services company Infosys on Sunday announced consolidated net profit rose 3.2% y/y to Rs 5,360 crore for the April-June quarter. The Bengaluru-based IT firm’s net profit stood at 5,195 crore Rs in the same period last year.
Its revenue jumped 23.6% to Rs 34,470 in the June quarter just ended, from Rs 27,896 in the corresponding quarter of the previous year, according to the company’s regulatory filing.
Infosys raised its 23-year full-year revenue forecast to 14-16% from 13-15% previously expected, supported by Q1 growth and strong demand outlook.
“Our strong overall performance in Q1 amid an uncertain economic environment is testament to our innate resilience as an organization, our ability to digital leadership in our industry and continued customer relevance” Salil ParekhCEO and Infosys’ MDsaid in a statement.
“We are investing in rapidly expanding talent while also securing rewarding careers for our employees, to better serve evolving market opportunities. This has resulted in results. strong performance in Q1 and increased FY23 revenue guidance to 14-16%,” Parekh said.
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