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Beating the street expectations India’s second largest IT exporter Infosys reported a 16.2 per cent increase in net profit for the fourth quarter ended March 31, 2016. The Bengaluru-based company’s net profit for the January-March quarter stood at Rs 3,597 crore. On a quarterly basis the profit witnessed a growth of 3.8 per cent.
The total revenues of the Bengaluru-based company for the full fiscal ended March 31, 2016 stood at Rs 62,441 crore registering a Year-on-Year (YoY) growth of 17.1 per cent. The net profit registered a YoY growth of 9.4 per cent and stood at Rs 13,491 crore, while operating profit was Rs 15,620 for the full year.
IT software major Infosys' fourth quarter profit and operating profit beat analysts' expectations on Friday while revenue matched estimates. Profit grew by 3.8 percent to Rs 3,597 crore in January-March quarter compared to Rs 3,465 crore in preceding quarter despite fall in other income.
Rupee revenue increased 4.1 percent sequentially to 16,550 crore from Rs 13,411 crore in same period. Dollar revenue in Q4 rose 1.6 percent to USD 2,446 million and 1.9 percent in constant currency compared to preceding quarter. “I am proud of company’s achievements in my first fiscal year as CEO of Infosys," Vishal Sikka, CEO & MD of Infosys said.
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