Infosys Ltd, India’s second-biggest software services firm, posted a consolidated net profit of Rs 34.83 billion for the first quarter of 2017-18, reported Reuters on Friday. Thus, Infosys’ profit has risen 1.4% compared to the first quarter of 2016-17.
Infosys beat the expectations of analysts, who had expected a net profit of Rs 34.39 billion. Infosys also said that it expected its revenue to grow between 7.1 and 9.1% for the present financial year, reported Mint.
For the April-June quarter, the software services firm’s revenue abroad came in at $2.65 billion, growing 6% from 2016. Net profit stood at $541 million, compared to $511 million in the same period in 2016-17. It added eight clients in the $100 million-plus category during the quarter.
“Our persistent focus on execution in Q1 is reflected in broad-based performance on multiple fronts—revenue growth, resilient margins despite multiple headwinds, healthy cash generation and overall business results,” said chief executive officer Vishal Sikka in a statement. “I am encouraged by the uptick in revenue per employee for six quarters in a row, and the strong momentum in our new high growth services and software, as we accelerate our focus on innovation-led growth.”
Meanwhile, Infosys Chief Executive Officer Vishal Sikka made headlines on Friday by riding to his office at the company’s Bengaluru headquarters in an autonomous cart. He said the cart had been built by Infosys in Mysuru.