Infosys Ltd INFY reported a 27% surge in its Q4 consolidated net profit, but issued a weak dollar revenue outlook for the fiscal year.
Infosys' quarterly net profit climbed to INR23.16 billion, from INR18.18 billion in the year-ago period. Its net profit dropped 2.4% versus the previous three months.
Infosys' consolidated revenue climbed more than 22% to INR88.52 billion versus INR72.50 billion. Its revenue declined 4.8% sequentially.
Analysts were expecting a net profit of INR22.96 billion on revenue of INR91.50 billion.
Infosys projects current fiscal-year revenue to surge 8%-10% to $7.55 billion-$7.69 billion.
Infosys shares closed at $56.77 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in