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Infosys, the second-largest IT firm in the country released their quarterly financial report for the July-September quarter of the current fiscal year with a consolidated net profit of Rs. 4,110 crores, posting a 10.3 per cent growth during the quarter under review.
Infosys reported a consolidated net profit of Rs. 3,726 crores in the year-ago period. The Bengaluru-based firm said in a BSE filing that the revenue grew by 17.3 per cent to Rs. 20,609 crores in the September-end quarter as compared to Rs. 17,567 crores in the corresponding quarter of the fiscal year 2017-18.
Salil Parekh, Infosys CEO and managing director said, “We are delighted with our broad-based growth across all business segments and geographies during the quarter. This is a testimony to our strong client relationships, digital-led full-service capabilities, and intense focus on the needs of our clients.”
He also added that large deal of over USD 2 billion that the company secured during the second quarter of the current fiscal year demonstrate the company’s increased client relevance and also give them better growth visibility for the near-term.
According to the BSE filings, Digital revenues stood at US$ 905 million making it 31 per cent of total revenues. The company also retained its FY’19 revenue guidance in constant currency at 6-8 per cent.
The IT services major on the case of compliance with arbitration award asking it to pay Rs 12.17 crore to former CFO Rajiv Bansal, declared, “The company has received legal advice and will comply with the award and make the necessary payments,” in the statement. The company has also announced an interim dividend of Rs 7 per share.
