Infosys reports 3.7% jump in consolidated net profit
Software services provider Infosys on Friday announced an increase of around 4 per cent in its consolidated net profit for the first three months ended June 30, 2013.
In a filing with the Bombay Stock Exchange (BSE), Infosys said that its consolidated net profit jumped 3.7 per cent, from Rs 2,289 crore in the June quarter of 2012 to Rs 2,374 crore in the same quarter of 2013.
Consolidated revenue jumped 17.2 per cent, from Rs 9,616 crore to Rs 11,267 crore in the quarter under review.
The Bangalore-based firm revised its rupee revenue guidance upwards from 6-10 per cent to 13-17 per cent; but left its US dollar revenue guidance unchanged at 6-10 per cent for the current financial year.
S. D. Shibulal, chief executive and managing director of Infosys, said that the company performed well but remained cautiously optimistic about rest of the fiscal as well.
Speaking on the topic, Shibulal said, "Despite facing an uncertain macro environment, changing regulatory regime and a volatile currency environment, we have done well in Q1 and are cautiously optimistic about rest of the year."
Infosys shares opened at Rs 2,862.35 apiece on Friday, up 13.21 per cent up from their Thursday's close on the BSE.