The net profit for the quarter stood at Rs. 3,600 crore as against Rs. 3,465 crore qoq. The IT firm registered a net revenue of Rs. 16,550 crore in Q4 as compared to Rs. 15,902 core in Q3 FY16.
Infosys Ltd announced its results for the fourth quarter and financial year ended March 31, 2016 on April 15, 2016.
The net profit for the quarter stood at Rs. 3,600 crore as against Rs. 3,465 crore qoq. The IT firm registered a net revenue of Rs. 16,550 crore in Q4 as compared to Rs. 15,902 core in Q3 FY16.
The Consolidated EBIT Margin stood at 25.5% in Q4 as compared to 24.9% in Q3.
IIFL had estimated the IT bellwether to rake in a net revenue of Rs.16,602 crore while net profit was expected at Rs. 3,555 crore. The operating profit margin (OPM) was estimated to be at 27.7%, with a rise of 50 bps qoq. However, at on a yoy basis, IIFL estimated OPM to drop by 11 bps.
The net profit for the quarter stood at Rs. 3,600 crore as against Rs. 3,465 crore qoq. The IT firm registered a net revenue of Rs. 16,550 crore in Q4 as compared to Rs. 15,902 core in Q3 FY16.
The Consolidated EBIT Margin stood at 25.5% in Q4 as compared to 24.9% in Q3.
“I am proud of our company’s achievements in my first fiscal year as CEO of Infosys. At the same time, I am humbled by the task that is still in front of us. We started the year just two quarters into a strategy to completely
reimagine the notion of services and to transform Infosys. Over the course of this year, we saw this strategy, of bringing automation and innovation to our clients, on a foundation of learning and education, start to show results in the organic growth of our client relationships, in our win rates in large deals, and in the types of projects we are seeing in strategic areas where we never participated before. I am proud of what our teams have achieved this quarter and in the year," said Dr. Vishal Sikka, CEO of Infosys. "And yet despite these heartening results,they are still based on metrics of the past, of the way the industry has been. The world of our future looks entirely different – it is a world that is being fundamentally reshaped by digital technologies, and it is our endeavor to create great value for every business through solutions built on our AI technology and open, cloud platforms, to have Infoscions amplified by intelligent technology, to bring purposeful innovation to life, and in that sense, we are still very much at the beginning of this journey.”
The Company announced that Mr. Mohit Joshi, Ravi Kumar S and Mr. Sandeep Dadlani have been appointed as Presidents of the company effective immediately.
Business Highlights
This quarter we made significant advances in our strategy to deliver automation and innovation through our traditional and new service offerings, our platforms and tools, and through investments in the broader ecosystem – enabling us to create more depth in existing client relationships, win more deals and specifically large deals, and open up entirely new types of strategic projects for Infosys.
IIFL had estimated the IT bellwether to rake in a net revenue of Rs.16,602 crore while net profit was expected at Rs. 3,555 crore. The operating profit margin (OPM) was estimated to be at 27.7%, with a rise of 50 bps qoq. However, at on a yoy basis, IIFL estimated OPM to drop by 11 bps.
