Infosys Q1 2017 net profit has grown by 1.4% to reach Rs, 3,483 crore.
The company's operating profit was Rs. 4,111 crore for the quarter ended June 30, 2017 showing a QoQ decline of 2.4% and YoY growth of 1.6%.
Revenue for the quarter was Rs. 17,078 crore for the quarter ended June 30, 2017 showing a QoQ decline of 0.2% and YoY growth of 1.8%.
“Our persistent focus on execution in Q1 is reflected in broad-based performance on multiple fronts– revenue growth, resilient margins despite multiple headwinds, healthy cash generation and overall business results. I am encouraged by the uptick in revenue per employee for six quarters in a row, and the strong momentum in our new high growth services and software, as we accelerate our focus on innovation-led growth,” said Dr. Vishal Sikka, CEO.
“We had broad-based growth across geographical and industry segments. Our initiatives on operational discipline led to record levels of utilization and better realization during the quarter.” said U.B. Pravin Rao, COO.
“Our new services and software offerings are helping us strengthen our positioning in the market,” added Rao.
“Our relentless focus on strong cash generation led to a healthy operating cash flow. Further, our continued emphasis on operational efficiencies enabled us to mitigate the impact of margin headwinds during the quarter,” said M. D. Ranganath, CFO.
Tags: Infosys Q1 net profit, infosys q1 profit 2017, infosys q1 2017, Vishal Sikka CEO infosys, infosys net profit, infosys
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