Bengaluru, April 13 (IANS) Software major Infosys has posted a Rs 3,603 crore consolidated net profit for the fourth quarter (January-March) of fiscal 2016-17, registering flat (0.2 per cent) year-on-year (YoY) growth from Rs 3,597 crore year ago.
Sequentially, however, net profit has declined 2.8 per cent from Rs 3,708 crore posted in the third quarter (October-December) of FY 2017.
In a regulatory filing to the BSE on Thursday, the IT major said consolidated revenue for the quarter under review (Q4) increased 3.4 per cent YoY to Rs 17,120 crore from Rs 16,550 crore in the same period year ago but flat sequentially (0.9 per cent) from Rs 17,273 crore quarter ago.
Under the International Financial Reporting Standard (IFRS), net income grew 1.8 per cent YoY to $543 million in Q4 from $533 million in like period year ago but flat (0.8 per cent) sequentially from $547 million quarter ago.
Gross revenue, however, increased 5 per cent YoY in Q4 to $2,569 million from $2,446 million in the same period year ago but flat (0.7 per cent) sequentially from $2,551 million quarter ago.
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.