Infosys profit rises on pandemic-led digital boom; to hire 35,000 college grads globally

BENGALURU: Indian software services company Infosys Ltd reported a 22.7 per cent jump in quarterly profit on Wednesday, as it won more contracts from global businesses expanding their digital services during the pandemic.

The Bengaluru-based company posted a net profit of Rs 5,195 crore for the first quarter ended June 30, as against a profit of Rs 4,233 crore posted a year earlier.

Its revenue from operations rose 17.9 per cent to Rs 27,896 crore.

Infosys expects revenue growth of 14 per cent to 16 per cent for the financial year 2022, compared with the 12 per cent to 14 per cent growth predicted in April.