Infosys: Announced the Results for Financial Year 2016 Which is growth of 1.9% Over Financial Year 2015

Infosys: Announced the Results for Financial Year 2016 Which is growth of 1.9% Over Financial Year 2015 :- Infosys announced the Net Profit for Financial Year 2016 was USD $2052 millions, which is growth of 1.9% over then the Financial Year 2015.

On Friday, 15th April, 2016 Infosys announced the Q4 Results. The Net Profit up for Q4 3.81% quarter-on-quarter to Rs.3597 crore for the quarter ended in March 2016.

About Infosys: Infosys is a Indian Multinational company which is formerly known as Infosys Technologies Limited. It provides Information Technology, Business Consulting, Research, Development, Software Engineering and Outsourcing Services. It’s headquarters is in Begaluru, Karnataka, India.

It was co-founded in 1981 by CEO
Narayan Murthy, Nandan Nilekani, N. S. Raghavan, S. Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora when they resigned from the Patni Computer System.

Infosys is teh Second Largest India-based IT services Company by revenue 2014. It is the Fifth Largest Employer of H-1B Visa professionals in the United States in Financial Year 2013.

Profit of Infosys For FY 2016:

The Net Profit figures at Rs.3597 crore for the quarter ended in March 2016. Infosys registered a net profit of Rs.3465 crore quarter ended in December 2015 and net profit of Rs.3097 crore in the same quarter last year.

For the quarter ended in December in 2015, Infosys reported a combined net profit of Rs.3465 crore, which is up by 1.9% against Rs. 3398 crore in the quarter ended in September 2015.

Revenue of the IT major surmounted 4.07% quarter on quarter and 23.40 per cent year on year to Rs. 16550 crore. Consolidated profit of Infosys jumped 6.59% quarter on quarter and 22.35 per cent year on year to Rs.4220 crore.

The Earning per Share(EPS) of Infosys in the reported quarter is Rs. 15.74 against Rs. 13.55 in the same quarter last year.

It also announced the revenue guidance 11.5% to 13.5% in constant currency term for Financial Year 2017. The revenue guidance in terms of Dollar has been placed at 11.8% to 13.8.