Infosys net up 11.7% in 2017-18

Bengaluru, April 13 (IANS) Global software major Infosys Ltd on Friday reported consolidated net profit of Rs 16,029 crore for fiscal 2017-18, posting 11.7 per cent annual growth in rupee terms.

In a regulatory filing on the BSE, the city-based IT firm said consolidated revenue for the fiscal under review grew three per cent annually to Rs 70,522 crore.

Under the International Financial Reporting Standard, net income grew 16.2 per cent year-on-year to $2,486 million and gross income was up 7.2 per cent to $10,939 million in dollar terms.

Operating profit for the fiscal grew 1.5 per cent to Rs 17,148 crore in rupees and 5.5 per cent YoY to $2,659 million in dollar terms.

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