Net profit rises 22% year on year on new order wins; co retains 7-9% revenue growth guidance. Infosys Ltd posted first-quarter profit that beat analyst estimates as India’s second-largest software services company won more orders. Net profit rose 22% to Rs 2,890 crore in the three months ended June from Rs 2,370 crore a year earlier, Infosys said.
Sanchit Gogia, Chief Analyst & CEO, Greyhound Research, said Infosys is all set to undergo a transformation shift in its DNA “from a pure play system to a firm with an increasing focus on software assets and intellectual property”.
“The new CEO Vishal Sikka has an important role to play and we are closely watching the next steps Infosys will take under his leadership,” said Gogia.
To read the Full Article, click here: DNA