Diabytes
Infosys quarter income News
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Infosys Ltd, India's second- largest IT services firm, on Friday reported better-than-expected 16 percent rise in the fourth-quarter net profit and forecast strong revenue growth for the current fiscal on new client additions.
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Infosys is confident of revenues growing 11.5-13.5 percent this fiscal despite softness in segments like insurance, energy and telecom.
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Consolidated net profit in July-September rose to Rs 3,398 crore compared with Rs 3,096 crore in the year-ago period, the company said in a statement.
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He will be replaced by M D Ranganath, who has been with the company for nearly 15 years.
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Country's second largest software services firm Infosys on Tuesday said it has brought its attrition rate under control and expects to see a further 200 basis points improvement in the coming quarters.
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