Software major Infosys has posted a Rs 3,603 crore consolidated net profit for the fourth quarter (January-March) of fiscal 2016-17, registering flat (0.2 percent) year-on-year (YoY) growth from Rs 3,597 crore year ago. Sequentially, however, net profit has declined 2.8 percent from Rs 3,708 crore posted in the third quarter (October-December) of FY 2017. Also Read - Infosys to shut down office in Russia: ReportAlso Read - Govt partners with Infosys to train over 6 crore students aged 10-22 in digital skills
In a regulatory filing to the BSE on Thursday, the IT major said consolidated revenue for the quarter under review (Q4) increased 3.4 percent YoY to Rs 17,120 crore from Rs 16,550 crore in the same period year ago but flat sequentially (0.9 percent) from Rs 17,273 crore quarter ago. Under the International Financial Reporting Standard (IFRS), net income grew 1.8 percent YoY to $543 million in Q4 from $533 million in like period year ago but flat (0.8 percent) sequentially from $547 million quarter ago.
Gross revenue, however, increased 5 percent YoY in Q4 to $2,569 million from $2,446 million in the same period year ago but flat (0.7 percent) sequentially from $2,551 million quarter ago. ALSO READ: Malicious stories being spread to target him, says Infosys CEO Vishal Sikka