(PTI) Infosys on Thursday posted a 7.8 per cent year-on-year rise in consolidated net profit at ₹6,128 crore in March quarter of FY23, and gave 4-7 per cent revenue growth forecast for FY24 amid macro economic uncertainties.
The net profit (after minority interest) stood at ₹5,686 crore in the fourth quarter of FY22. Seen sequentially, the net profit for Q4 came in 7 per cent lower.
The results were below street estimates.
The Bengaluru-based Infosys -- which competes in the market with Tata Consultancy Services (TCS), Wipro and other IT firms -- also logged a 16 per cent year-on-year growth in consolidated revenue in the fourth quarter of FY23 at ₹37,441 crore.
Infosys has given revenue growth guidance of 4-7 per cent for FY24.
Infosys, during Q3 earnings announcement in January this year, had raised FY23 revenue guidance to 16-16.5 per cent against the previously projected band of 15-16 per cent.
For the full year FY23, the net profit was up 9 per cent on year at ₹24,095 crore, while revenue was 20.7 per cent higher at ₹146,767 crore.
"As the environment has changed, we see strong interest from our clients for efficiency, cost and consolidation opportunities, resulting in a strong large deal pipeline," Infosys CEO and MD Salil Parekh said in a statement.