Infosys 1st quarter net profit Rs 3440 crore meet the expectation of analyst :- First quarter earning for the current financial year of Indian giant IT company Infosys were in-line with the analysts’ expectations on Friday. The consolidated profit of Infosys dropping 4.3% sequentially to Rs 3,440 crore. The net profit was largely in line with ET Now Poll of Rs 3,437 crore.
The IT giant Infosys reported a net profit of Rs 3,597 crore in the previous quarter.
Reacting to results, Infosys slipped over 4% to hit Rs 1,122. On Friday morning at 10:00 am, the stock was trading 4.5% lower at Rs 1122.95.