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Home / Companies / Results / Q1FY23 results: Infosys net up 3% at Rs 5,360 cr, dips 6% sequentially

Q1FY23 results: Infosys net up 3% at Rs 5,360 cr, dips 6% sequentially

Revenue up nearly 24% YoY to Rs 34,470 cr; attrition rate rises to 28.4% in Q1FY23, from 13.9% a year ago and 27.7% in the immediately preceding quarter

The finance ministry (FinMin) has asked Infosys to work on ways to extract and access taxpayers’ real-time data faster and accurately as it is crucial for taking decisions on policy changes

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At the bourses, Infosys bled 19 per cent so far in this calendar year. In comparison, frontline indices Nifty50 and the S&P BSE Sensex have tumbled 5 per cent each

BS Web Team New Delhi

2 min read Last Updated : Jul 24 2022 | 8:03 PM IST

Infosys on Sunday reported a 3.2 per cent year-on-year (YoY) rise in consolidated net profit at Rs 5,360 crore for the April-June quarter. The profit in the same quarter in FY22 was Rs 5,195 crore.

Sequentially, however, there was a 5.7 per cent dip in profit (Rs 5,686 crore in Q4FY22).

The IT major's revenue was up 24 per cent YoY to Rs 34,470 crore, from Rs 27,896 crore in the corresponding quarter a year ago.

Sequentially it was up nearly 7 per cent.

The company's attrition rate was 28.4 per cent in Q1FY23, up from 13.9 per cent a

Topics : Companies Infosys