Infosys Q4 net profit at Rs 3097 crore
"Net profit was Rs. 3,097 crore for the quarter ended March 31, 2015 YoY growth was 3.5%, QoQ growth was (4.7%)," Infosys said in a statement.
"Revenues were Rs. 13,411 crore for the quarter ended March 31, 2015 YoY growth was 4.2%, QoQ growth was (2.8%) ï‚· Net profit was Rs. 3,097 crore for the quarter ended March 3," it said.
"We see the industry going through a fundamental and structural transition. Despite being a challenging quarter, I am encouraged by the early successes in executing our Renew-New strategy, on a foundation of learning”, said CEO & MD Vishal Sikka.
Sikka said: "Our focused employee engagement initiatives over the last few
months have resulted in containing employee attrition to one of the lowest in recent times. And our investments in innovation and in renewing our capabilities are helping to elevate our client relationships. ”
"Services growth in the fourth quarter was lower than we expected, though we saw healthy growth in Finacle and our Edge suite. Pricing continues to be under pressure due to increasing commoditization in the traditional outsourcing business, requiring us to ramp up productivity through automation, and enhance our differentiation in large engagements”, said U.B. Pravin Rao, COO
“But we are well placed to pursue healthy overall growth in the new fiscal year," Rao said.
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