Infosys net down 2.4 per cent in first quarter

Infosys Technologies Ltd registered a net profit of Rs 1,488 crore for the first quarter of this fiscal, a decline of 2.4 per cent from same quarter of last fiscal at Rs 1,525 crore as per the Indian accounting standard.

Infosys Technologies Ltd registered a net profit of Rs 1,488 crore (Rs.14.88 billion) for the first quarter (April-June) of this fiscal, a decline of 2.4 per cent from same quarter of last fiscal at Rs 1,525 crore as per the Indian accounting standard.

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In a regulatory filing on Tuesday, the IT bellwether said its consolidated income, however, grew 13.3 percent year-on-year (YoY) to Rs 6,198 crore for the quarter under review from Rs 5,472 crore in the same period of last fiscal.

Under the International Financial Regulatory System (IFRS), net income grew 4.2 per cent YoY to $326 million from $313 million and consolidated revenue 21 percent YoY to $1.4 billion from $1.1 billion year ago.