Infosys posts higher than expected revenues

Indian IT giant Infosys has come out with their latest revenue reports and the company has posted a higher-than-expected 70 percent jump in fiscal fourth-quarter net income.

The company has however forecasted that their growth rate would slow down sharply in the year ahead.

Infosys reported that their profit rose to 11.4 billion rupees in the three months ended March 31. These are up from figures of 6.73 billion rupees in the same period last year.

The company added that their sales were up at 37.7 billion rupees which is an improvement of around 43.8 percent compared to last year in the same period.

Infosys Chief Executive Officer Nandan Nilekani added: “The global IT services industry continues to show strong growth with exciting opportunities and Infosys is well positioned to take advantage of this.”

Popularity: 22% [?]