Infosys net down quarterly, up yearly
20-April-2020
Global software major Infosys reported Rs 4,321 crore consolidated net profit for the fourth quarter (Q4) of fiscal 2019-20, registering 3.1 per cent sequential decline from Rs 4,457 crore a quarter ago and 6.1 per cent annual growth from Rs 4,074 crore a year ago.
In a regulatory filing on the BSE, the city-based IT major said consolidated revenue for the quarter under review (Q4) at Rs 23,267 crore remained flat sequentially (0.8 per cent) from Rs 23,092 crore a quarter ago and rose 8 per cent annually from Rs 21,539 crore a year ago.
Under the International Financial Regulatory System (IFRS), net income declined 5.7 per cent sequentially to $590 million from $626 million a quarter ago but grew 1.9 per cent annually from $580 million a year ago.
Gross income also declined 1.4 per cent sequentially to $3,197 million from $3,243 million but rose 4.5 per cent annually from $3,060 million a year ago. IANS
BJP Loses Veteran Malikayya Guttedar to Congress Ahead of Lok Sabha Elections
ED Attaches Rs 97.79 Crore Worth of Properties Belonging to Raj Kundra Under PMLA
ISRO's Former Director Cites Probability Theory in Support of Possible Alien Existence
Gaming Startup LightFury Raises $8.5 Million to Develop AAA Titles in India and UK
Wow! Momo Raises Rs 70 Crore, Following Rs 350 Crore Investment to Extend Growth