View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Hardware
July 14, 2017

Infosys revenue grows in Q1 financial results

Infosys experiences revenue growth as it expands digital design services globally.

By Parisa Qurban

Infosys has posted its Q1 2017 financial results reporting a 6% year over year growth. The results were announced as part of its first quarter which ended on the 30th of June.

The results highlighted a growth in revenues of 3.2% in USD, and a 2.7% rise in constant currency over the last quarter. The company generated $2,651m in revenue by the end of Q1.

This led to an overall year over year revenue growth of 6.0% whilst net profit was $541m for the quarter, a 0.4% decline for the quarter over quarter, but a 5.8% year over year growth. For the Q1 quarter the company reported an operating profit of $638m, a growth of 0.7% over the previous quarter and a 6% growth year over year.

“Our persistent focus on execution in Q1 is reflected in broad-based performance on multiple fronts– revenue growth, resilient margins despite multiple headwinds, healthy cash generation and overall business results. I am encouraged by the uptick in revenue per employee for six quarters in a row, and the strong momentum in our new high growth services and software, as we accelerate our focus on innovation-led growth.” said Dr. Vishal Sikka, CEO.

“The widespread adoption of our grassroots innovation and education initiatives continue to fuel our transformation, and I am proud to see Infoscions embrace and drive Infosys toward becoming a next generation services company.”

Infosys provides business IT services in the fields of automation through digital services, a cloud ecosystem, big data and analytics, cyber security, and Internet of Things engineering software in over 50 countries.

The company has been working with the likes of Amazon Web Services and has launched the Boundaryless Data Lake offering, powered by the Information Grid Solution.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Other work has seen the company partner with Levi Strauss & Co to build a first party data analytics solution on AWS. “The solution, built by Infosys, enables consumer insights of clickstream and e-commerce data to activate consumer revenue growth actions across marketing touch points,” said Abigail Johnson, Senior Program Manager eCommerce, Levi Strauss & Co

The company has also been pushing forward with its artificial intelligence strategy by launching Infosys Nia in April. The company said that there has already been over 160 engagements with over more than 70 businesses.

“We had broad-based growth across geographical and industry segments. Our initiatives on operational discipline led to record levels of utilization and better realization during the quarter.” said U B Pravin Rao, COO. “Our new services and software offerings are helping us strengthen our positioning in the market.”

Topics in this article : ,
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU