Infosys net up 5.1% yearly, down 6.8% quarterly

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.