Infosys beats street estimates; PBT rises 12% to Rs 5,792 crore in Q1

Becomes first domestic company to provide revenue and profitability guidance, indicating confidence of better days ahead

IT services major Infosys on Wednesday beat Street estimates with a 12 per cent rise in profit before tax (PBT), which stood at Rs 5,792 crore in the first quarter of financial year 2020-21 (Q1FY21), boosted by steady performance in most business verticals and geographies, and healthy order flow.

Sequentially, the firm’s PBT rose by 5.4 per cent, while its net profit rose 11.5 per cent YoY to Rs 4,233 crore. Though this was 2 per cent lower than the previous quarter.

Revenues at Rs 23,665 crore, grew 8.5 per cent YoY basis and 1.7 per cent sequentially. The firm’s