Infosys net profit up in first quarter

Indian IT bellwether Infosys Ltd posted a net profit of Rs.2,866 crore for the first quarter (April—June) of this fiscal (2014—15), registering 21.6 percent year—on—year (YoY) and 3.5 percent sequential growth.

In a regulatory filing to the Bombay Stock Exchange (BSE) Friday, the global software major said its consolidated income for the quarter under review (Q1) increased 13.3 percent YoY and 0.8 percent sequentially to Rs.12,770 crore.

Under the International Financial Reporting Standard (IFRS), net income rose 15.3 percent YoY and one percent sequentially to $482 million and gross revenue 7.1 percent YoY and two percent sequentially to $2.13 billion.