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Infosys net up 6.4% for fiscal 2016-17

IANS | Bengaluru |

Global software major Infosys Ltd has posted Rs.14,353 crore consolidated net profit for the fiscal 2016-17, registering 6.4 per cent annual growth from Rs.13,491 crore in the fiscal 2015-16.

In a regulatory filing to the BSE on Thursday, the IT major said consolidated revenue for the fiscal under review (FY 2017) increased 9.7 per cent Year-on-Year (YoY) to Rs.68,484 crore from Rs.62,441 crore in the previous fiscal (FY 2016).

Under the International Financial Reporting Standard (IFRS), consolidated net income grew 4.3 per cent YoY to $2,140 million from $2,052 million, while revenue increased 7.4 per cent YoY to $10,208 million from $9,501 million in FY 2016.