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.
