Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
Latest News

Infosys reports consolidated Q2 net profit at Rs 3,398 crore, revenue increases 17.2%

On Monday, the second largest software services firm of country, Infosys has reported a 9.8 percent rise in its consolidated net profit to Rs 3,398 crore for the quarter ended September 30, 2015.

During the year ago period, the company had posted a net profit of Rs 3,096 crore.

The company said in a BSE filing that the consolidated revenue was up 17.2 per cent to Rs 15,635 crore in the said quarter from Rs 13,342  crore in the year-ago period.

During the April-June quarter of this fiscal, the company had posted a net profit of Rs 3,030 crore and revenues of Rs 14,354 crore.

Infosys CEO and MD Vishal Sikka said, “We are experiencing a once-in-a-generation opportunity for a services company to help businesses maximise their potential with technology… I am encouraged by our progress. While results in any one quarter are transitory snapshots of a long journey, we do see our focussed execution along our strategy starting to produce encouraging results for our clients, shareholders and Infoscions.”

Read EquityPandit’s Technical Analysis on CNX IT

Get Daily Prediction & Stocks Tips On Your Mobile