Tuesday, July 12, 2011

Infosys net profit up 16 percent in first quarter

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Mysore (Karnataka), July 12 (IANS) Infosys Ltd posted net profit of Rs.1,722 crore (Rs.17.22 billion) for the first quarter (April-June) of this fiscal (2011-12), registering 16 percent year-on-year (YoY) growth.
In a regulatory filing Tuesday, the IT bellwether said its income for the quarter under review (Q1) grew 21 percent YoY to Rs.7,485 crore (Rs.74.85 billion).
Under the International Regulatory System in dollar terms, net profit, however, grew 18 percent YoY to $384 million and income 23 percent YoY to $1.7 billion.

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