Infosys Q1 Net Profits At Rs 3030 Crores; Stock Surges 8%

Posted By:
Subscribe to GoodReturns

IT major Infosys reported Q1 numbers that beat estimates with net profits at Rs 3030 crores for the quarter ending June 30, 2015.

Check Infosys share price and financials

Infosys Q1 Net Profits At Rs 3030 Crores; Stock Surges 8%
Infosys: Quotes, News
BSE 1148.50BSE Quote25.6 (2.23%)
NSE 1150.40NSE Quote27.55 (2.39%)
Revenues came in at Rs 14,354 crores, which was higher than most estimates. The dollar revenue at the company grew by 4.5 percent to $2,256 during the quarter, which was largely considered as healthy by the markets.

The attrition rate at the company was placed at 14.2 per cent. The shares of the company surged almost 8 per cent, pushing benchmark indices higher in trade.

Markets were impressed with the revenue numbers that largely beat estimates. The Q1 2015 revenue growth at 7 per cent were the highest in seven quarters.

Liquid assets including cash and cash equivalents, available-for-sale financial assets and government bonds were Rs 30,235 crore as on June 30, 2015 as compared to Rs 32,585 crore as on March 31, 2015.

Infosys shares surged 10 per cent following its results.

Read more about: infosys
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


Get Latest News alerts from Goodreturns