Infosys Q4 profit grows 10 pc to Rs4,074 crore

BANGALORE: Infosys has reported a net profit of Rs4,074 crore for the quarter ended March 31, 2019, a growth of 10 per cent year-on-year. Revenues for the quarter under review rose to Rs21,539 crore, a growth of 19.1 per cent year-on-year and 0.6 per cent sequentially.

Earlier, during the market hours today, Infosys shares had closed 0.71 per cent higher at Rs748 on NSE. Infosys announced its earnings after today’s market hours.

For the fiscal year starting April 1, Infosys has guided for a constant currency growth between 7.5 per cent and 9.5 per cent. For the fiscal year ending March 31, 2019, Infosys reported a constant currency growth of 9 per cent.

“We have completed the first year of our transformation journey with strong results on multiple dimensions including revenue growth, performance of our digital portfolio, large deal wins, and client metrics. This is a reflection of our increased client relevance stemming from our focus on digital, positioning, and longstanding client relationships,” said Salil Parekh (seen in the picture), CEO and MD.

He said the company’s planned investments had started yielding benefits. “As we look ahead into fiscal 2020, we plan to deploy various measures of operational efficiencies across the business,” he further added.

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