Mumbai, July 13: Infosys Technologies Ltd registered a net profit of Rs.1,488 crore (Rs.14.88 billion) for the first quarter (April-June) of this fiscal, a decline of 2.4 percent from same quarter of last fiscal at Rs.1,525 crore as per the Indian accounting standard. Infosys Technologies Ltd revised its consolidated revenue guidance for this fiscal upwards to Rs.26,663 crore (Rs.267 billion), projecting 17.3 percent year-on-year (YoY) growth, as per the Indian accounting standard.
In a regulatory filing Tuesday, the IT bellwether said its consolidated income, however, grew 13.3 percent year-on-year (YoY) to Rs.6,198 crore for the quarter under review from Rs.5,472 crore in the same period of last fiscal.
Under the International Financial Regulatory System (IFRS), net income grew 4.2 percent YoY to $326 million from $313 million and consolidated revenue 21 percent YoY to $1.4 billion from $1.1 billion year ago.
The guidance has been revised from Rs.25,017 crore or 10 percent YoY projected at the beginning of this fiscal in April.
In a regulatory filing Tuesday, the IT bellwether said its income for the second quarter (July-September) of this fiscal would be Rs.6,595 crore (Rs.65.95 billion), projecting 18 percent YoY growth over same quarter of last fiscal.
Under the International Financial Regulatory System (IFRS), gross revenue for this fiscal is expected to be $5.8 billion, an increase of 20 percent YoY.
For the second quarter (Q2), revenue is projected to be $1.4 billion, a growth of 23 percent over the same quarter of last fiscal.
—Agencies