Bengaluru, July 12 : Global software major Infosys on Friday reported Rs 3,798-crore consolidated net profit for the first quarter (Q1) of fiscal 2019-20, registering 5.1 per cent annual growth from Rs 3.612 crore in the same period a year ago.
Sequentially, however, net profit in Q1 declined 6.8 per cent from Rs 4,078 crore a quarter ago.
In a regulatory filing on the BSE, the city-based IT behemoth said consolidated revenue for the quarter under review (Q1) grew 14 per cent Year-on-Year (YoY) to Rs 21,803 crore from Rs 19,128 crore in the like period a year ago.
Sequentially, however, revenue for Q1 marginally grew 1.2 per cent from Rs 21,539 crore a quarter ago.
Under the International Financial Reporting Standards (IFRS), net income grew YoY 2.2 per cent to (Dollar) 546 million from (Dollar) 534 million in the same period a year ago but declined 6.0 per cent sequentially from (Dollar) 580 million a quarter ago.
Similarly, gross income grew 10.6 per cent YoY to (Dollar) 3,131 million in Q1 from (Dollar) 2,811 million in the same period year ago and up 2.3 per cent sequentially from (Dollar) 3,060 million a quarter ago./Eom.
--IANS
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Source: IANS
