Infosys net up 5 percent in first quarter

Global software major Infosys has posted a net profit of Rs 3,030 crore for first quarter (April-June) of this fiscal (2015-16), registering a 5 percent increase year-on-year (YoY), as per the Indian accounting standard.

In a regulatory filing to the Bombay Stock Exchange (BSE) on Tuesday, the IT bellwether said consolidated revenue for the quarter under review (Q1) increased 12.4 percent YoY to Rs.14,354 crore.

The net profit, however, declined 2.1 percent while the revenue was up 7 percent from previous quarter (January-March) of last fiscal (2014-15).

Under the International Financial Reporting Standard (IFRS), the net income declined 1.3 percent YoY and 4.5 percent sequentially to $476 million, while the revenue grew 5.7 percent YoY and 4.5 percent sequentially to $2.3 billion.