Infosys Q4 Profit Falls 2.8%, FY18 Dollar Revenue Guidance At 6.5-8.5%

Software services exporter Infosys has reported profit at Rs 3,603 crore for January-March quarter, degrowth of 2.8 percent against Rs 3,708 crore in previous quarter.

Revenue fell 0.88 percent to Rs 17,120 crore compared with Rs 17,273 crore previous quarter.

According to average of estimates of analysts polled by CNBC-TV18, profit was expected at Rs 3,570 crore on revenue of Rs 17,235 crore for the quarter.

Dollar revenue during the quarter stood at USD 2569 million, a growth of 0.7 percent over USD 2551 million in December quarter, which was slightly lower than analysts' forecast of USD 2,584 million.

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