Infosys net profit slips 2.2% in Q2, revenue up


Bengaluru, Oct 11 (IANS): Software major Infosys on Friday reported 2.2 per cent decline in consolidated net profit for the second quarter (Q2) of fiscal 2019-20 to Rs 4,019 crore from Rs 4,110 crore in the same period a year ago.

Sequentially, however, net profit rose 5.8 per cent to Rs 4,019 crore from Rs 3,798 crore from a quarter ago.

In a regulatory filing on the BSE, the city-based IT major said that consolidated revenue for the quarter grew 9.8 per cent year-on-year to Rs 22,269 crore from Rs 20,609 crore in the like period a year ago.

Sequentially, revenue rose 3.8 per cent to Rs 22,269 crore from Rs 21,803 crore a quarter ago.

Under the International Financial Reporting Standards (IFRS), net income declined 2.1 per cent YoY to $569 million from $581 million a year ago, but rose 4.3 per cent sequentially from $546 million.

Gross revenue grew 9.9 per cent YoY to $3.210 million from $2,921 million a year ago and 2.5 per cent sequentially from $3,131 million a quarter ago.

  

Top Stories


Leave a Comment

Title: Infosys net profit slips 2.2% in Q2, revenue up



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.