Infosys Q1 net surges 13.5% at Rs 3,436 cr

Infosys Q1 net surges 13.5% at Rs 3,436 cr

15/07/2016 10:59

The country’s second largest software exporter Infosys Ltd on Friday reported a growth of 13.5 per cent in its consolidated net profit after taxes (PAT) at Rs 3,436 crore for the first quarter ended June 30, 2016.

“The consolidated net profit of the IT services provider firm stood at Rs 3,028 crore during the same period a year ago,” Infosys Ltd said in a filing to the Bombay Stock Exchange on July 15, 2016.

Further, consolidated total income of Infosys rose 16 per cent at Rs 17,535 crore during Q1 FY17, as compared to Rs 15,110 crore during the same quarter last fiscal.

On standalone basis, Infosys’s total income grew 12.8 per cent at Rs 15,181 crore during the quarter ended June 30, 2016, as against Rs 13,459 crore in the corresponding period last year. The net profit of India-based IT giant surged 10 per cent to Rs 3,180 crore during the April-June quarter of 2016, from Rs 2,891 crore during the corresponding period previous year.

Following the earnings announcement, shares of Infosys were trading at Rs 1,068.20 apiece, down 9.16 per cent, from previous close on BSE at 11:02 hours.

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