Infosys Q1 Net Profit Up 3%; Issues FY21 Revenue Growth Guidance - Quick Facts

(RTTNews) - Infosys Limited (INFY) reported Wednesday that its net profit for the first quarter of fiscal 2021 increased to $564 million from $546 million in the year-ago quarter, with earnings per share remaining flat with last year at $0.13.

Revenues for the quarter edged down 0.3 percent to $3.12 billion from $3.13 billion in the same quarter last year. Revenues grew 1.5 percent on a constant currency basis.

For the fiscal year ending March 31, 2021, Infosys expects revenues to grow in a range of flat to 2 percent in constant currency and operating margin in the range of 21 to 23 percent.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos


Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More