Infosys on Tuesday reported 25 per cent jump in net profit at Rs. 2,992 crore for the quarter ended March 31, 2014, as compared to Rs. 2,394 crore in the same period last fiscal.
The company’s revenue for the reported quarter was up 23.2 per cent to Rs. 12,875 crore from Rs. 10,454 crore in the year-ago period.
In dollar terms, the company’s profit grew 9.7 per cent to USD 487 million in the reported quarter while revenue was up by 7.9 per cent to USD 2.09 billion in the quarter under review.
For FY’14, net profit grew 1.5 per cent to USD 1.75 billion, while revenue was up 11.5 per cent to USD 8.2 billion over the previous fiscal.
'I am pleased that we have been able to double our growth rate for the full year compared to last year, though performance in the last quarter of FY’14 has been disappointing,' Infosys CEO and Managing Director S.D. Shibulal said in a statement.
Infosys has guided a revenue growth of 7-9 per cent (in dollar terms) next year and remains firmly focused on building the growth momentum by making all the necessary investments in its business, he added.