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Infosys Q4 FY16 earnings: Net profit up by 3.8% qoq

Discussion in 'Stock Market News & Analysis' started by chetanepic, Apr 15, 2016.

  1. chetanepic

    chetanepic New Member

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    Infosys Ltd announced its results for the fourth quarter and financial year ended March 31, 2016 on April 15, 2016.

    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.

    “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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