Zee Media Bureau
New Delhi: India's second largest software services firm Infosys on Tuesday reported a 4.9 percent increase in its consolidated profit at Rs 3,030 crore for the April-June quarter. Infosys had reported a net profit of Rs 2,886 crore in the year-ago period, it said in a BSE filing.
Infosys, which provides IT services to clients like Apple Inc , Volkswagen AG and Wal-mart Stores Inc, saw its revenue surging to 12. 4 percent to Rs 14,354 crore in the quarter ending June.
The company's stock jumped 6.62 percent to Rs 1,068.25 a share in the morning trade after the company announced the results in line with the street's estimates.
For whole 2015-16, the country's second-largest software services firm expects revenue to grow 7.2-9.2 per cent in USD terms, and 11.5-13.5 per cent in rupee terms.
In May, Infosys CEO Vishal Sikka had expressed confidence of becoming a $20 billion by 2020, besides meeting the 10-12% revenue guidance for 2015-16.
