Infosys Q4 Profits Down by 2.83 %

Infosys Q4 Profits Down by 2.83 %

Under the International Financial Reporting Standard (IFRS), net income grew 1.8 percent YoY to $543 million in Q4 from $533 million in like period year ago but flat (0.8 percent) sequentially from $547 million quarter ago.

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MUMBAI: India’s IT major Infosys reported a net profit of Rs 3603 crore for the fourth quarter ended March 31, 2017, compared with Rs 3708 crore sequentially, the graph showed a drop of 2.83 per cent.

In a regulatory filing to the BSE on Thursday, the IT major said consolidated revenue for the quarter under review (Q4) increased 3.4 percent YoY to Rs 17,120 crore from Rs 16,550 crore in the same period year ago but flat sequentially (0.9 percent) from Rs 17,273 crore quarter ago.

Gross revenue, however, increased 5 percent YoY in Q4 to $2,569 million from $2,446 million in the same period year ago but flat (0.7 percent) sequentially from $2,551 million quarter ago.

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