Infosys Q4 Net profit at Rs 7969 crore

(20 second reading) Infosys Ltd, India’s second-largest IT services company, reported a net profit of Rs 7,969 crore for the fiscal fourth quarter, beating Street estimates. The company reported revenue of Rs 37,923 crore in the three months ended March 31, according to an exchange filing on April 18.

Analysts projected a profit of Rs 6,128 crore on revenue of Rs 38,413 crore, based on an average of 13 brokerage estimates. Infosys also declared a final dividend of Rs 20 per equity share and a one-time dividend of Rs 8 per share.

Infosys stock rose 0.34 percent today to end at Rs 1,419.25, ahead of the quarterly earnings report.