Infosys Q1 Result: Tremendous increase in net profit-revenue of Infosys, officials gave this reason behind it.

Country’s second largest software services provider Infosys on Sunday said its consolidated net profit rose 3.2 per cent to Rs 5,360 crore in the first quarter of the current fiscal. Giving information to the stock exchanges about the results of the April-June quarter, Infosys said that its net profit in the same quarter a year ago was Rs 5,195 crore.

The company’s revenue grew 23.6 per cent to Rs 34,470 crore in the same quarter. It stood at Rs 27,869 crore in the April-June 2021 quarter. Buoyed by Q1 growth, Infosys has revised its revenue estimates for the full fiscal to 14-16 per cent. Earlier the revenue estimate was of 13-15 per cent growth.

The company’s Chief Executive Officer and Managing Director Salil Parekh said in a statement, “Our overall performance in the first quarter has been strong amid an economic environment filled with uncertainty. It is a testament to our inherent resilience as an organization, our industry-leading digital capabilities and ongoing customer-relevance.”

Parekh said, “We are investing in engaging talent with us to take advantage of emerging market opportunities. This has resulted in good performance in the first quarter and the revenue assessment for the financial year has also been increased to 14-16 per cent.