Categories: Business

Infosys q1 profit uo 12 percent income up 8.5 percent

Photo: PTI (FILE)

Infosys q1 results

new Delhi. IT sector giant Infosys reported a profit of Rs 4233 crore in the first quarter, up 11.5 per cent over the previous year. The company had a profit of Rs 3798 crore in the same period last year. At the same time, the consolidated revenue of the company increased by 8.5 percent over the previous year to Rs 23665 crore. The company's income was Rs 21803 crore in the same period last year.

During the quarter, the company announced a major deal of $ 174 million. Along with this, income from digital business has been $ 138 million. Which is 44.5 percent of the total income. Infosys CEO and MD Salil Parekh said after the results that better first quarter figures have raised expectations for the rest of the year.

During the quarter, more than half of the business segment saw growth. The banking financial services segment has shown a growth of 2.4% over the previous quarter. At the same time, the communications segment has gained 4.9 percent, the energy segment has 1.2 percent and the high tech segment has gained 12.7 percent. At the same time, there was a 6.4 percent decline in the retail segment and 4.5 percent in the manufacturing segment.

This post was published on July 15, 2020 6:51 pm

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