IT software major Infosys' fourth quarter profit and operating profit beat analysts' expectations on Friday while revenue matched estimates. Profit grew by 3.8 percent to Rs 3,597 crore in January-March quarter compared to Rs 3,465 crore in preceding quarter despite fall in other income.
Rupee revenue increased 4.1 percent sequentially to 16,550 crore from Rs 13,411 crore in same period. The company said dollar revenue in Q4 rose 1.6 percent to USD 2,446 million and 1.9 percent in constant currency compared to preceding quarter.
According to an average of analyst estimates polled by CNBC-TV18, the country's second largest IT company was expected to post profit at Rs 3,502 crore (up 1.07 percent QoQ) on revenue of Rs 16,545 crore (up 4 percent QoQ) in March quarter. Dollar revenue was estimated at USD 2,454.5 million (up 2 percent QoQ) during the quarter.
Infosys expects constant currency revenue growth in FY17 at 11.5-13.5 percent and dollar revenue growth at 11.8-13.8 percent over FY16, which is far better than industry guidance.
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