Infosys Ltd INFY posted around 16% rise in its Q1 consolidated net profit.
INFY's net profit came in at INR17.22 billion, versus INR14.88 billion, in the year-earlier period. Its consolidated revenue surged about 21% y/y to INR74.85 billion from INR61.98 billion. Analysts were expecting a net profit of INR17.26 billion on revenue of INR74.96 billion.
Infosys projects revenue for the current fiscal year to rise 18% to 20% to $7.13 billion-$7.25 billion.
Infosys shares closed at $65.10 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: EarningsNewsGuidanceFinancingEarningsInformation TechnologyIT Consulting & Other Services
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in