Bengaluru: Software major Infosys Ltd on Friday reported 28.1 per cent sequential decline in consolidated net profit, in rupee terms, to Rs 3,690 crore for the fourth quarter of 2017-18.

In a regulatory filing on the BSE, the city-based IT firm said consolidated revenue for the quarter under review was up 1.6 per cent sequentially to Rs 18,083 crore in rupee terms. On a yearly basis, net profit, however, grew 2.4 per cent and revenue 5.6 per cent in rupee terms.

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Under the International Financial Reporting Standards, in dollar terms, consolidated net income declined 28.1 per cent sequentially to $571 million but gross income was up 1.8 per cent sequentially to $2,805 million. On yearly basis, net income, however, grew 5.3 per cent and gross income grew 9.2 per cent

SOURCE : http://www.bfirst.in/category/bengaluru/infosys-net-dips-28-sequentially-in-q4-475495