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Infosys fourth-quarter net profit up 25 percent, beats forecasts

15
Apr
2014

BANGALORE (Reuters) – Infosys Ltd, Indias second largest IT services exporter, reported a 25 percent increase in quarterly net profit, beating estimates, as it added new clients including Chinese-owned Swedish automaker Volvo Car Corp. The Bangalore-based companys consolidated net profit for the fiscal fourth quarter ended March 31 was 29.92 billion rupees ($496.72 million), compared to 23.9 billion rupees in the same period a year earlier. That compared with an average estimate of 28.1 billion rupees in a survey of 23 analysts by Thomson Reuters. …

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