Infosys Q4 net profit rises 10% but FY20 guidance disappoints: 10 key takeaways
For the fiscal year starting April 1, Infosys has guided for a constant currency growth between 7.5% and 9.5%
For the fiscal year ending March 31, 2019, Infosys reported a constant currency growth of 9%
IT major Infosys today reported a net profit of ₹4,074 crore for the quarter ended March 31, 2019, a growth of 10% year-on-year, helped by strong growth in its key financial services segment and large deal wins during the period. That came above the Street's estimates of ₹3,956 crore. Revenues for the quarter rose to ₹21,539 crore, a growth of 19.1% year-on-year and 0.6% quarter-on-quarter. Infosys margins however narrowed to 21.4% in the the March quarter of FY19, as compared to 24.7% in the same quarter of the previous year. Infosys shares closed 0.50% higher today. The IT company announced its earnings after today's market hours but what disappointed the Street is the company's growth guidance for this fiscal.