Friday 15 July 2016

Infosys Q1 FY17: Constant currency revenue guidance revised to 10.5-12%

The consolidated net profit dropped 4.4% to Rs. 3,436 crore in Q1 FY17 as against Rs.3,597 crore in Q4 FY16.

IT bellwether Infosys announced its financial results for the first quarter ended June 30, 2016 on July 15.

The company revised constant currency revenue guidance to 10.5-12% from 11.5-13.5%.

The consolidated net profit  dropped 4.4% to Rs. 3,436 crore in Q1 FY17 as against Rs.3,597 crore in Q4 FY16.

The company posted rupee revenue of Rs.16,780 crore in Q1 FY17 as compared with Rs.16,550 crore qoq while the dollar revenue stood at $2,501 million as against $2,446 million yoy. 

Operating margins for Q1 FY17 stood at 24.1%.

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