Infosys posts 11.4% YoY rise in Q1 net at Rs 4,233 crore; beats estimates

Information technology (IT) major, Infosys, on Wednesday reported an 11.4 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 4,233 crore for the April-June quarter of the financial year 2020-21 (Q1FY21). In the year-ago period, the company had logged a profit of Rs 3,798 crore.

Sequentially, the numbers fell 1.45 per cent.

Infosys’ revenue for the quarter under review stood at Rs 23,665 crore, up 8.5 per cent YoY. In constant currency (CC) terms, revenue grew 1.5 per cent YoY.

The company signed deals worth $1.74 billion during the quarter.

“Our Q1 results, especially growth, are a clear testimony to the relevance of our service offerings and deep understanding of clients’ business priorities which is resonating with them in these times.