Kicking of the earnings calendar for the three months to March,
India's second-largest IT exporter, Infosys, on Friday reported a 27.4 per cent rise in quarterly net profit at Rs 2,316 cr,
meeting forecast. The company attributed this to cut in operational costs as customers ramped up orders.
The Bangalore-based company Infosys said its consolidated net profit for the fiscal fourth quarter ended March 31 rose to Rs 2,316 cr from Rs 1,818 cr a year earlier. Its total income rose by 24 per cent at Rs 9,504 crore.
The IT bellwether said its consolidatedrevenue for the quarter under review grew 22.1 per cent YoY to Rs 8,852 crore fromRs 7,250 crore but declined 4.8 per cent sequentially.In its regulatory filing in Bombay Stock Exchnage, Infosys said the company's fiscal 2013 revenues are expected to grow by 8 per cent to 10 per cent.
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