Infosys net profit dips by 2.2 per cent

IT services company Infosys on Friday said its consolidated net profit has declined by 2.2 per cent at Rs 4,019 crore for the July-September 2019 quarter.

This is against a net profit of Rs 4,110 crore in the same period last fiscal, Infosys said in a regulatory filing.

The city-based company saw its revenue rise by 9.8 per cent to Rs 22,629 crore in the quarter under review from Rs 20,609 crore in the year-ago period.

In constant currency terms, this translates into a 11.4 per cent increase.

Infosys has raised the lower-end of its FY 20 revenue guidance and the revised forecast now stands at 9-10 per cent growth in constant currency terms.

At the beginning of the fiscal, the company had said it expected a revenue growth of 7.5-9.5 per cent for FY 2019-20.

Subsequently, while announcing its first quarter numbers, the company raised its revenue growth guidance for the fiscal to 8.5-10 per cent.

"Our performance was robust on multiple dimensions