Infosys net up 9.8 percent in second quarter

Bengaluru: Global software major Infosys Ltd on Monday reported net profit of Rs.3,398 crore for second quarter (July-September) of this fiscal (2015-16), registering 9.8 percent growth year-on-year (YoY) and 12 percent sequentially.

In a regulatory filing to the Bombay Stock Exchange (BSE), the IT major said consolidated revenue for quarter (Q2) review grew 17.2 percent YoY and 8.9 percent sequentially to Rs.15,635 crore under the Indian accounting standard.

Under the International Financial Reporting Standard (IFRS), net income increased 1.6 percent YoY and 9 percent to $519 million and gross revenue 8.9 Apercent YoY and 6 percent sequentially to $2,392 million ($2.4 billion).