Infosys Ltd displays better figures in terms of performance by forecasting in dollar revenue growth for the financial year.
In Q1 Infosys revenues grew at 3.1% on sequential basis and 2.7% in constant currency terms. But in comparison to Infosys TCS grew by only 2%.
Vishal Sikka, CEO of Infosys said, Im very happy with our results. It was a very strong, broad-based performance on multiple fronts: revenue growth, resilient margins despite multiple headwinds, healthy cash generation and overall business results.
Infosys net profit rose 1.4% to Rs3,483 crore for the first quarter year on year, while revenue grew 1.8% to a Rs17,078 crore. On a sequential basis, Infosys fared badly. Revenues fell 0.2% while net profits fell 3.3%.
A Bloomberg survey of 21 analysts projected companys profit of Rs3,429.60 crore on net sales of Rs16,987.9 crore, or $2.64 billion.
Infosys dollar revenue view for 2017-18 shows rise of 7.1-9.1% from its earlier forecast of 6.1-8.1%, while the revenue direction in constant currency terms remains unaffected to 6.5%-8.5% for the full year. The operating margin for Infosys was 24.1%.