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Worst is over for Infosys: experts

However, cautious on the future, say lot needs to be done by the company

Reuters  |  Mumbai 

India’s second largest IT services company Infosys today reported a net profit of Rs 2,374 crore for the first quarter of FY14, up 3.7% when compared to the corresponding quarter last year. On a sequential basis, the Bangalore-based company’s net profit for the first quarter of FY14 witnessed a marginal decline of 0.8% while the revenues witnessed a growth of 7.8%. The company also retained its dollar revenue guidance for FY14 at 6-10%. Commentary: Phani Sekhar, fund manager, Angel Broking, Mumbai "Generally you can conclude that the worst is over for them ...

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First Published: Fri, July 12 2013. 09:17 IST