Global software major Infosys Ltd has posted Rs 14,353 crore consolidated net profit for the fiscal 2016-17, registering 6.4 per cent annual growth from Rs 13,491 crore in the fiscal 2015-16.
In a regulatory filing to the BSE on Thursday, the IT major said consolidated revenue for the fiscal under review (FY 2017) increased 9.7 per cent Year-on-Year (YoY) to Rs 68,484 crore from Rs 62,441 crore in the previous fiscal (FY 2016).
Under the International Financial Reporting Standard (IFRS), consolidated net income grew 4.3 per cent Year on Year to $2,140 million from $2,052 million, while revenue increased 7.4 per cent YoY to $10,208 million from $9,501 million in FY 2016.
Also, Software major Infosys has posted a Rs 3,603 crore consolidated net profit for the fourth quarter (January-March) of fiscal 2016-17, registering flat (0.2 per cent) year-on-year (YoY) growth from Rs 3,597 crore year ago.
Sequentially, however, net profit has declined 2.8 per cent from Rs 3,708 crore posted in the third quarter (October-December) of FY 2017.
In a regulatory filing to the BSE on Thursday, the IT major said consolidated revenue for the quarter under review (Q4) increased 3.4 per cent YoY to Rs 17,120 crore from Rs 16,550 crore in the same period year ago but flat sequentially (0.9 per cent) from Rs 17,273 crore quarter ago.
Under the International Financial Reporting Standard (IFRS), net income grew 1.8 per cent YoY to $543 million in Q4 from $533 million in like period year ago but flat (0.8 per cent) sequentially from $547 million quarter ago.
Gross revenue, however, increased 5 per cent YoY in Q4 to $2,569 million from $2,446 million in the same period year ago but flat (0.7 per cent) sequentially from $2,551 million quarter ago.