Infosys net down over 3% quarterly, up 6% yearly

Bengaluru, April 20 (IANS) Global software major Infosys reported Rs 4,321 crore consolidated net profit for the fourth quarter (Q4) of fiscal 2019-20, registering 3.1 per cent sequential decline from Rs 4,457 crore a quarter ago and 6.1 per cent annual growth from Rs 4,074 crore a year ago. In a regulatory filing on the BSE on Monday, the city-based IT firm said consolidated revenue for the quarter under review (Q4) at Rs 23,267 crore remained flat sequentially (0.8 per cent) from Rs 23,092 crore a quarter ago and rose 8 per cent annually from Rs 21,539 crore a year ago. Operating profit also declined 2.7 per cent sequentially to Rs 4,927 crore from Rs 5,064 crore a quarter ago but rose 6.7 per cent annually from Rs 4,618 crore a year ago. Operating margin at 21.1 per cent was 0.7 per cent less sequentially from 21.9 per cent a quarter ago and 0.2 per cent less than 21.4 per cent a year ago. Under the International Financial Regulatory System (IFRS), net income declined 5.7 per cent sequentially to $590 million from $626 million a quarter ago but grew 1.9 per cent annually from $580 million a year ago. Gross income also declined 1.4 per cent sequentially to $3,197 million from $3,243 million but rose 4.5 per cent annually from $3,060 million a year ago. Operating profit also declined 5.2 per cent sequentially to $ 674 million from $711 million a quarter ago but up 2.6 per cent annually from $658 million a year ago. Operating margin in dollar terms at 21.1 per cent was 0.8 per cent less sequentially from 21.9 per cent a quarter ago and 0.4 per cent less annually from 21.5 per cent year ago. For the fiscal under review (2019-20), consolidated net profit grew 7.7 per cent annually to Rs 16,594 crore from Rs 15,404 crore a year ago and consolidated revenue 9.8 per cent to Rs 90,791 crore from Rs 82,675 crore a year ago. Operating profit for the fiscal (FY20) rose 2.6 per cent to 19,374 crore from Rs 18,880 crore a year ago, while operating margin declined 1.5 per cent annually to 21.3 per cent from 22.8 per cent a year ago. Under the IFRS or in dollar terms, net income grew 6 per cent annually to $2,331 million from $2,199 million and gross income 8.3 per cent annually to $12,780 million from $11,799 million. Operating profit for FY 20 in dollars, however, grew marginally (1 per cent) to $2,724 million from $2,696 million, while operating margin declined 1.5 per cent to 21.3 per cent from 22.8 per cent a year ago.
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