Infosys Q4 net profit jumps 12% to Rs 5,686 crore; pegs revenue growth at 13-15% for FY23 – Times of India

NEW DELHI: Software services firm Infosys on Wednesday reported 12 per cent jump in its consolidated net profit for the fourth quarter (Q4) ended March 31, 2022.
The company posted a net profit of Rs 5,686 crore for the period under consideration as against a profit of Rs 5,076 crore reported in the same quarter last year.
In terms of quarterly results, Infosys net profit declined by 2.11 per cent as compared to Rs 5,809 crore in December quarter.
The Bengaluru-based company witnessed 22.7 per cent rise in its revenue to Rs 32,276 crore and pegged its revenue growth outlook at 13 per cent to 15 per cent for financial year 2023.
The IT major also said that it will move its business out of Russia and is pursuing alternate options against the backdrop of the Ukraine conflict.
Shares of Infosys finished 0.41 per cent higher at Rs 1,749 on the BSE.