Infosys Q4 net profit rises 7.8 pc to Rs 6,128 crore

Infosys on Thursday posted a 7.8 per cent year-on-year rise in consolidated net profit at Rs 6,128 crore in March quarter of FY23, and gave 4-7 per cent revenue growth forecast for FY24 amid macro economic uncertainities.

The net profit (after minority interest) stood at Rs 5,686 crore in the fourth quarter of FY22. Seen sequentially, the net profit for Q4 came in 7 per cent lower.

The results were below street estimates.

The Bengaluru-based Infosys — which competes in the market with Tata Consultancy Services (TCS), Wipro and other IT firms — also logged a 16 per cent year-on-year growth in consolidated revenue in the fourth quarter of FY23 at Rs 37,441 crore.