Infy posts 5% YoY rise in PAT at Rs 3,802 cr, raises FY20 growth guidance

The IT services company increased the FY20 growth guidance in constant currency terms to 8.5-10 per cent from 7.5-9.5 per cent.

Infosys on Friday reported a 5.26 per cent year-on-year (YoY) rise in its net profit at Rs 3,802 crore for the first quarter (April-June) of the financial year 2019-20. The company had reported profit after tax (PAT) of Rs 3,612 crore in the corresponding quarter of the previous fiscal year. In the previous quarter (January-March period), the figures stood at Rs 4,078 crore.

Revenues for the quarter under review stood at Rs 21,803 crore, up 14 per cent YoY and 1.2 per cent on quarter-on-quarter (QoQ) basis. Revenue in constant currency terms grew 2.8 per cent.

The IT services company