Infosys Q1 net up 2.3%; guidance raised

Infosys’ April-June quarter earnings was a mixed bag, with the company missing street estimates on the net profit front but raising its full-year revenue guidance. Net profit at Rs 5,195 crore was up 2.3 per cent from the preceding quarter.

The company, however, increased its full year revenue guidance in constant currency terms to 14-16 per cent from 12-14 per cent.

Infosys’ consolidated revenue in the quarter was ahead of estimates at Rs 27,896 crore, up 6 per cent quarter-on-quarter. Constant currency revenue was up 4.8 per cent sequentially. Earnings before interest and tax rose 2.5 per cent sequentially at Rs 6,603 crore, but margin declined 80 bps to 23.7 per cent.