Infosys Q4 revenue up, profit down

Summary: Infosys booked a 4.1 percent drop in profit to US$444 million and warns global economic uncertainties remain challenging for the IT industry.





Infosys posted a 9.4 percent increase in fourth quarter revenue at US$1.9 billion income, but saw profit decline by 4.1 percent over the same period to US$444 million.

 
Global economic uncertainties remain challenging for the IT industry, said Infosys CEO S. D. Shibula.

“We are progressing well on our strategic direction of building a high-quality company which is relevant to our clients. We are making all the investments necessary to differentiate ourselves in the market place while positioning ourselves as a partner of choice for our clients,” he added.




Topics: Outsourcing, India

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Australian-born, Bangalore-based Mahesh Sharma is ZDNet’s India correspondent.

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Source Article from http://www.zdnet.com/in/infosys-q4-revenue-up-profit-down-7000013935/

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