India's second largest software company Infosys today said it sees a "good" demand environment in large markets such as the US and Europe, but stuck to the previously-set revenue growth target of 6-8 per cent for the full financial year.
The country's second-largest software services major Infosys today reported 3.7 per cent growth in consolidated net profit at Rs 3,612 crore for the quarter ended on June 30, 2018, compared to a net profit of Rs 3,483 crore in the year-ago period.
Infosys said stricter work visa norms across various markets will not "constrain" its business growth as the IT firm is focussing on hiring locals and training workforce in these geographies.
Infosys announced it will hold an analysts' meet on April 23 in Mumbai where the Bengaluru-based outsourcing giant is expected to unveil its new strategy.
The country's second-largest software services major Infosys reported 2.4 percent growth in consolidated net profit at Rs 3,690 cr for the quarter ended on Mar 31, 2018.
Markets took heart from the RBI’s decision to cut its inflation forecasts for Q4 FY18 and FY19, thus reducing the probability of a rate hike in FY19.
Infosys said it will announce the financial results for the quarter ended March 2018 and fiscal 2017-18 on April 13.
India's second largest IT services firm Infosys said it has granted 1.13 lakh restricted stock units (RSUs) to its new chief executive, Salil Parekh.
As p[er results, 97.96% shareholders through physical ballot and electronic mode voted in favour of appointment of Parekh on Feb 20, 2018.
Underlining the huge potential of the digital business, Infosys CEO and MD Salil Parekh said it is a critical element of the market.