Infosys Ltd, India's second-largest software services exporter has reported its Q4 result ended March 31. If reports are to be believed, there is a rise of 27.4 percent net profit, backed by ramped customer’s orders to cut operational costs.
Sources informed, Infosys was expected to post a 27.5 percent rise in profit in the quarter to 23.18 billion rupees. Revenue for the three-month period is up by over 22 percent from a year ago at Rs 8,852 crore.
All in all, Infosys has reported a 27 percent year-on-year growth in net profit for the fourth quarter.
It is worth noticing, Infosys Q4 result has met analysts’ expectations.
A spokesperson from Infosys has stated, it is expected that Infosys’s dollar revenues will grow 8-10 percent for the year ending March 2012 to $7.55 billion-$7.69 billion, lower than expectations of 10 percent to 15 percent forecast by most analysts.
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