Infosys Profit Rises In June Quarter Led By Large Deals From Businesses: Key Highlights

1. The Bengaluru-based IT services company's net profit in the first quarter of the current fiscal rose 22.7 per cent to Rs 5,195 crore, compared to Rs 4,233 crore in the corresponding quarter in the year-ago period. 
2. ''We grew at the fastest pace in Q1 in a decade, at 16.9 per cent year-on-year and 4.8 per cent quarter-on-quarter in constant currency,'' said Mr Sahil Parekh, CEO, Infosys
3. The company's revenue from operations in the June quarter stood at Rs 27,896 crore on a consolidated basis, compared to Rs 23,665 crore, marking a growth of 17.9 per cent year-on-year.
4. During the quarter, the software services giant won large deals from global businesses to offer digital services, closing deals worth $2.6 billion, from $1.74 billion a year earlier.
5. Infosys raised its annual revenue forecast or revenue guidance to 14 per cent - 16 per cent for the current financial year, compared to 12 per cent - 14 per cent predicted earlier
6. Infosys along with its rivals Tata Consultancy Services (TCS) and Wipro benefited from rising demand for outsourcers as companies boost investments in cloud computing and digital payment services
7. The company's operating margin stood at 23.7 per cent, recording a growth of one per cent year-on-year, and a decline of 0.8 per cent quarter-on-quarter
8. In the preceding January-March quarter of fiscal 2021, Infosys' net profit rose 17 per cent annually to Rs 5,076 crore
9. On Wednesday, July 14, shares of Infosys settled 2.07 per cent higher at Rs 1,576.90 apiece on the BSE.

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