The multinational’s CEO has touted Infosys’ three-month result as the fastest growing Q1 in a decade.
For the first quarter of its financial year, Infosys has reported net profit of ₹5,201 crore, $705 million, an increase over last year’s Q1 net profit of ₹4,272 crore. « Driven by the dedication of our employees and the trust of our clients, we grew at the fastest pace in Q1 in a decade, at 16.9% year-on-year and 4.8% quarter-on-quarter in constant currency, » Infosys CEO and MD Salil Parekh said. « I am proud of our employees, who as ‘One Infosys’ demonstrate resilience and commitment in delivering for our clients. » Parekh said the first-quarter results give his company the confidence to increase revenue growth guidance to 14%-16%. Revenue for the three-month period was ₹27,896 crore — just over $3.78 billion. This was up 21.2% year-on-year. Revenue from software services was $3.
