Infosys Q4 results: IT major reports 30% YoY growth in profit to Rs 7,969 crore; revenue falls short of expectations

Infosys Q4 results: India’s second largest IT services company, Infosys, on Thursday reported a consolidated net profit at Rs 7,969 crore, a growth of 30% year-on-year, for the fourth quarter of the financial year 2023-24.

According to Reuters, the company reported revenue growth of 1.3% year-on-year, amounting to 379.23 billion rupees ($4.54 billion) for the January-March quarter, which was lower than the analysts’ expectation of 386.24 billion rupees, according to LSEG data.

The report said that Infosys results fell short of expectations during a typically slow period for the company.