Bengaluru, April 12 (IANS) For the first time in many years, global software major Infosys on Friday reported Rs 15,404-crore consolidated net profit for the fiscal 2018-19, registering 3.9 per cent annual decline from Rs 16,029 crore posted in the previous fiscal 2017-18.
In a regulatory filing to the BSE, the city-based IT firm said consolidated revenue, however, grew 17.2 per cent annually to Rs 82.675 crore for the fiscal under review (FY 2019) from Rs 70.522 crore in the previous fiscal (2017-18).
Under the International Financial Reporting Standard (IFRS), too, consolidated net income declined 11.6 per cent annually to $2.199 million for FY 2019 from Rs $2,486 million a year ago.
Gross income under the IFRS, however, grew 7.9 per cent annually to $11,799 million for FY 2019 from $10,989 million a year ago.
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz