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Software Mughal Infosys Books 16.2% Net Grow

Apr. 15 Economy Comments

[Bengaluru,]Software Mughal Infosys Books 16.2% Net Grow To Rs 3,597 cr
India’s second-largest software services Infosys today reported a 16.2 % growth in consolidated net profit at Rs 3,597 crore for the quarter ended March 31, 2016.
It had posted a net profit of Rs 3,097 crore in January-March of 2014-15
Revenue of the Bengaluru-based firm grew 23.4 per cent to Rs 16,550 crore in the March quarter compared with Rs 13,411 crore in the same quarter of 2014-15,
Reacting to the results, the stock was trading at Rs 1,172.05, down 0.87 per cent, on BSE at 1002 hours.
As per Infosys Managing Director+ CEO Vishal Sikka “Over the course of this year, we saw this strategy of bringing automation and innovation to our clients, on a foundation of learning and education, start to show results in the organic growth of our client relationships, in our win rates in large deals, and in the types of projects we are seeing in strategic areas where we never participated before.”

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