Infosys Q4 FY2021 results : Indian IT giant registers $697m net profit

Infosys Q4 FY2021 results : Indian IT giant Infosys has reported a net profit of $697 million (INR50.78 billion) for the fourth quarter of the fiscal year 2021 (Q4 FY2021) that ended 31 March 2021, compared to $592 million (INR43.35 billion) reported in Q4 FY2020.

In the third quarter of FY2021, the company made $705 million in net profit.

For FY 2020-21 that ended 31 March 2021, Infosys registered net profit of $2.62 billion (INR194.23 billion) compared to $2.33 billion (INR166.3 billion) made in FY 2019-20.

Infosys’ revenues for Q4 FY2021 were $3.61 billion, an increase of 13% compared to $3.19 billion in the same quarter of the previous fiscal year. For FY 2020-21, the revenues of the Indian IT services company were $13.56 billion, up by 6.1% compared to $12.78 billion.

Commenting on Infosys Q4 FY2021 results and the fiscal year 2021 results, Salil Parekh – CEO and MD of Infosys, said: “I am very pleased with our performance this year and incredibly proud of our employees for the passion and commitment they displayed despite a very tough environment.

“We have crossed a milestone of INR100,000 crore in revenue in FY21. Our intense focus on client relevance, growing our digital portfolio with differentiated capabilities like Infosys Cobalt, and empowering employees have helped us emerge as a preferred ‘partner-of-choice’ for our global clients. Our record large deal wins stand testimony to the effectiveness of this approach.

“A strong momentum exiting FY21, alongside a focused strategy to accelerate client digital journeys, gives us confidence for a stronger FY22.”