IT company Infosys earned profit of 12.4% during corona crisis

Jul 16 2020 09:55 AM
IT company Infosys earned profit of 12.4% during corona crisis

The integrated net profit of Infosys, India's second-largest IT company, increased by 12.4 percent to Rs 4,272 crore in the first quarter of the current financial year. The company has told the stock exchange that it had a net profit of Rs 3,802 crore in the same quarter last year. Due to the Corona period, there has been an impact on trade globally. Infosys has expressed the hope that its profit could increase by 2 percent in the financial year 2020-21.

In April, while discussing the uncertainty related to Corona, the company was hesitant to mention any profit-related outlook in the financial year 2020-21. Infosys CEO and MD Salil Parekh said that the company's confidence in the rest of Varah has improved due to first-quarter performance and big deals.

Infosys has reported that the company's total profit in the first three months of the financial year 2020-21 stood at Rs 23,665 crore. This represents an increase of 8.5 percent on an annual basis. The company has said that the number of new customers of the company has increased by 110 in the April-June quarter. As of June 30, 2020, the company's active customer base is 1,458. Also, the total staff strength of the company has been increased to 2,39,233.

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