Infosys reported on Tuesday a 5% increase in quarterly net profit, bolstered by a surge in demand for IT outsourcing services from clients in the United States, its biggest market.
Infosys consolidated net profit to Rs 3,030 crore for the June quarter, up from Rs 2,886 crore a year ago. Consolidated revenue for the quarter was up 12.4% to Rs 14,354 crore, from Rs 12,770 crore in April-June, 2014.
The company has projected a positive outlook for the company in the financial year ending March 2016. It expects to rake in a revenues growth of 10%-12% in constant currency and 11.5%-13.5% in Indian rupee at a conversion rate of 1 US dollar valued at Rs 63.65 for the rest of financial year 2016.
"Our efforts in redesigning our clients' experience and our widespread adoption of innovation, both in grassroots and breakthroughs, are starting to bear fruit in large deal wins and in the growth of large clients," Sikka said.
In dollar terms, the company's consolidated net profit declined 1.3% to $476 million in the first quarter of 2015-16, while revenue rose 5.7% to $2.25 billion.
"We are operating within our stated margin band, balancing strategic investments and client focus with operational efficiencies," Infosys CFO Rajiv Bansal said.
Pricing environment is competitive, which Infosys is addressing through automation and improvement in productivity, he added.
The company added 79 clients in the said quarter, signed six large deals with a total contract value of $688 million. Its volume growth stood at 5.4%.
