Infosys net up 16 percent in Q4

Bengaluru: Infosys Ltd has posted a Rs.3,597 crore consolidated net profit for fourth quarter (January-March) of fiscal 2015-16, registering 16 percent year-on-year (YoY) growth, as per Indian accounting standards.

In a regulatory filing with the BSE on Friday, the IT bellwether said its consolidated revenue grew 23.4 percent YoY to Rs.16,550 crore in Q4.

Under the International Financial Reporting Standard (IFRS), net profit was up 7 percent YoY to $533 million and revenue increased 13.3 percent YoY to $2,446 million ($2.5 billion).