Infosys net down 2.4 percent in first quarter

Bangalore, July 13 (IANS) Infosys Technologies Ltd registered a net profit of Rs.1,488 crore (Rs.14.88 billion) for the first quarter (April-June) of this fiscal, a decline of 2.4 percent from same quarter of last fiscal at Rs.1,525 crore as per the Indian accounting standard.

In a regulatory filing Tuesday, the IT bellwether said its consolidated income, however, grew 13.3 percent year-on-year (YoY) to Rs.6,198 crore for the quarter under review from Rs.5,472 crore in the same period of last fiscal.

Under the International Financial Regulatory System (IFRS), net income grew 4.2 percent YoY to $326 million from $313 million and consolidated revenue 21 percent YoY to $1.4 billion from $1.1 billion year ago.

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