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Infosys Q1 profits drops 3.3% to Rs 3,483 crore

On Friday, the second largest domestic IT firm of the country, Infosys has posted a 3.3 percent sequential decline in net profit at Rs 3,483 crore for the June quarter.

During the corresponding quarter of last year, the company had posted Rs 3,603 crore profit.

The revenues for the quarter has been declined 0.2 percent to Rs 17,078 crore as compared with Rs 17, 120 crore of the corresponding quarter of last year.

The company has said that the net sales increased 3.2 percent sequentially to USD 2,651 million in dollar terms. For the quarter, revenue growth in constant currency terms came in at 2.7 percent for the quarter.

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