Infosys Q1 profit up 11% to Rs 5,945 crore; full-year outlook lowered

IT services firm Infosys reported a 11% rise in June quarter’s consolidated net profit at Rs 5,945 crore on Thursday (July 20). However, the company has lowered its full year growth outlook to 1-3.5% due to macro uncertainties.

The net profit (before minority interest) during the same period previous year stood at Rs 5,362 crore.

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The company posted a revenue growth of 10 per cent to Rs 37,933 crore, up from Rs 34,470 crore in the year ago period.

The country’s second largest IT services company has lowered its revenue guidance for the full year to 1 to 3.5 per cent in constant currency, down from 4 to 7 per cent projected earlier.

(With agency inputs)