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Infosys : Jan-March Net Profit Up 16% at INR35.97 Billion

by April 15, 2016 General

By Newley Purnell
SINGAPORE–Infosys Ltd. (500209.BY) on Friday reported a 16% rise in its fiscal fourth-quarter net profit, driven by new bookings.India’s second-largest software exporter by sales said profit in the three months ended March 31 stood at 35.97 billion rupees ($540 million), compared with 30.97 billion rupees a year earlier.That was slightly lower than the 36.79 billion rupees consensus forecast of analysts surveyed by Thomson Reuters. Revenue grew 23.4% to 165.5 billion rupees.“The momentum of large deal wins continued this quarter and bookings were strong,” Chief Operating Officer U. B. Pravin Rao said in a statement.Markets in India are closed Friday for a public holiday.Write to Newley Purnell at