Infosys Q4 net profit up 2.4% on year to Rs 3,690 crore

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Bangalore : India’s second largest software exporter Infosys today reported a 2.4% year on year (YoY) jump in profit for the quarter ended March 31 to Rs 3,690 crore. Infosys had reported a PAT (Profit After Tax) of Rs 3,603 crore in Jan-March 17 period.  Revenue increased by 5.6 percent to Rs 18,083 crore in the current fiscal. The company said that FY 19 revenue guidance in constant currency at 6%-8%; FY 19 operating margin range guidance  at 22%- 24%.

 

On an yearly basis, Infosys has reported revenue of Rs 70,522 crore a YoY jump of 3%, and 5.8% in constant currency terms. The operating profit came in at Rs 17,148 crore for the year ended March-18, registering a 1.5% growth on year. The total net profit reported for the year was Rs 16,029 crore, a 11.7% growth on year. Revenues are expected to grow 8.2%-10.2% in INR terms based on the exchange rates as of March 31, 2018, Infosys said. Notably, the results represent a decline of 28.1% on quarter as in the previous quarter net profits included positive impact of Rs 1,432 crore on account of conclusion of an APA with the US IRS, the company said.

 

“I am pleased with our healthy revenue growth, profitability, and cash generation in Q4. Our robust performance is a reflection of the strong impact we have with our clients and the dedication of our employees. ‘Navigating Your Next’ is our aspiration of how we will partner with each one of our clients.” said Salil Parekh, CEO. “We will execute our strategy around the four pillars of Scaling our Agile Digital business which is today US$2.79 billion in revenue, Energizing our client’s Core technology landscape via AI and automation, Re-skilling our employees, and Expanding our localization in markets such as US, Europe, and Australia.”

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