Infosys reports 33% jump in Q1 net profit; below estimates
Date: 12-07-2012Infosys, India’s second largest information technology company has reported lower than expected Q1 FY13 result for the quarter ended June 30, 2012.
The company has posted a rise of 33.25% in its net profit after exceptional item at Rs 2,204 crore for the quarter under review as compared to Rs 1,654 crore for the same quarter in the previous year. Total income has increased by 27.98% at Rs 9,368 crore for Q1FY13 as compared Rs 7,320 crore for the corresponding quarter previous year.
On the consolidated basis, the group’s net profit rose 32.93% to Rs 2,289 crore for the Q1 FY13 as compared to Rs 1,722 crore in Q1 FY12. Moreover, the total income also surged 27.30% to Rs 10,092 crore in the quarter under review as compared to Rs 7,928 crore in the corresponding quarter previous year.