Vishal Sikka-led company missed street estimates in Q1 after posting strong growth form last four consecutive quarters.
IT bellwether Infosys announced its financial results for the first quarter ended June 30, 2016 on July 15. Vishal Sikka-led company missed street estimates in Q1 after posting strong growth form last four consecutive quarters.
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.
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.
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