Infosys Q4 net up 6.3% at Rs 4,321 cr, suspends FY21 guidance

Company abstains from giving annual revenue projections owing to COVID-19 uncertainties, appoints new board member

Infosys refrained from providing growth projection for FY21 on Monday, in line with its peers, owing to uncertainties around the Covid-19 pandemic. This was despite the firm falling just 20 basis points (bps) short of a double-digit growth rate in FY20 in constant currency (CC) terms.
 

It reported Rs 4,321 crore in consolidated net profit in the March quarter (Q4FY20), a year-on-year (YoY) growth rate of 6.3 per cent. However, it dropped 2.73 per cent sequentially.

Revenue for Q4 stood at Rs 23,267 crore, a growth rate of 8 per cent YoY; sequentially it grew 0.8 per cent. In