Bengaluru: India Software Services India Infosys Ltd reported a 22.7 percent surge in quarterly profit on Wednesday, because it won more contracts from global business that expanded their digital services during a pandemic.
Bengaluru-based companies posted a net profit of Rs 5,195 Crore for the first quarter ending June 30, due to the 4,233 crore RS profit posted a year earlier.
His income from operations rose 17.9 percent to RS 27,896 Crore.
Infosys expect 14 percent revenue growth to 16 percent for the financial year of 2022, compared with a growth of 12 percent to 14 percent predicted in April.
Commenting on the results of the Chief Operating Officer (COO) Infosys Pravin Rao said: “Our clients continue to support some of the initiatives we have done; they appreciate the commitment of the delivery we have met even during this extraordinary period.” “Because the demand for digital talents explodes, increasing friction in the industry raises short-term challenges.
We plan to fulfill this demand by expanding our recruitment program for college graduates for FY22 to 35,000 globally,” he added.
Infosys shares closed 2.07 percent higher at Rs 1,577 in BSE, while completed at Rs 2.1 percent at Rs 2.1 percent in the RS.
1,577.4 on NSE.
(With input from agency)
Infosys Q1 profit rose 22.7%; to rent 35k globally
