Infosys net profit up 13.4% to ₹3,436 cr in Q1
IT major Infosys on Friday reported a net profit of ₹3,436 crore for the quarter ended June, a 13.4% rise over the corresponding period a year ago, while falling by 4.47% on quarter-over-quarter basis. Revenue increased by 16.9% year-on-year to ₹16,782 crore. Following the announcement of quarterly results, Infosys’ shares dropped by over 9% during intraday trading.