Infosys Q1 results Highlights: IT firm posts net profit at Rs 3,802 crore

IT behemoth Infosys today reported a 5.2% jump in consolidated net profit to Rs 3,802 crore for Q1 ending June. The results announced after market hours, while its shares closed 0.87% higher at Rs 727.10 on the BSE.

Infosys result highlights for the Quarter ended June 30, 2019

1. Revenues were Rs 21,803 crore, growth of 14.0% YoY and 1.2% QoQ
2. Operating profit was Rs 4,471 crore, decline of 1.5% YoY and 3.2% QoQ. Operating margin was 20.5%.
3. Basic EPS was Rs 8.83, growth of 6.2% YoY and decline of 5.8% QoQ
4. Q1 20 revenues grew year-on-year by 14.0% in INR; 12.4% in constant currency
5. Q1 20 revenues grew sequentially by 1.2% in INR; 2.8% in constant currency
6. Q1 20 Digital revenues at $1,119 million (35.7% of total revenues), year-on-year growth of 41.9% and sequential growth of 8.6% in constant currency
7. Increased FY 20 revenue growth guidance range to 8.5%-10% in constant currency
8. Maintained FY 20 operating margin guidance range of 21%-23%

Watch live media interaction with Infosys management on the company's performance #InfosysQ1FY20 https://t.co/tz19ddsjUa

— Infosys (@Infosys) July 12, 2019

Salil Parekh, CEO and MD, stated, “We had a strong start to FY 20 with constant currency growth accelerating to 12.4% on year over year basis and digital revenue growth of 41.9%. This was achieved through our consistent client focus and investments which have strengthened our client relationships, adding “Consequently, we are raising our revenue guidance for the year from 7.5%-9.5% to 8.5%-10%.”