Infosys Q4 FY2022 net profit up by 12% to Rs 56.8bn ($752m)

Infosys Q4 FY2022 results : Indian IT giant Infosys has reported a net profit of INR 5,686 crores ($752 million) for the fourth quarter of the fiscal year 2022 (Q4 FY2022) that ended 31 March 2022, an increase of 12%, compared to INR 5,076 crores ($697 million) reported in Q4 FY2021.

In the third quarter of FY2022, the company made INR 5,809 crores ($774 million) in net profit.

For the year ended 31 March 2022 (FY2022), Infosys registered a net profit of INR 22,110 crores ($2.96 billion), an increase of 14.2% compared to INR 19,351 crores ($2.61 billion) in FY2021.

The diluted earnings per share for Infosys in Q4 FY2022 were INR 13.54, an increase of 13.4% compared to INR 11.94 in the same quarter of the previous fiscal year.

Infosys Q4 FY2022 revenues were INR 32,276 crores ($4.28 billion), an increase of 22.6%, compared to INR 26,311 crores ($3.6 billion) in the same quarter of the previous fiscal year. Its revenues for Q3 FY2022 were INR 31,867 crores ($4.25 billion).

The company’s revenues for FY22 were INR 121,641 crores ($16.3 billion), an increase of 21%, compared to INR 100,472 crores ($13.5 billion) in FY21.

Commenting on Infosys Q4 FY2022 results, Salil Parekh — CEO and MD, said: “Infosys delivered highest annual growth in a decade with broad-based performance driven by deeply differentiated digital and Infosys Cobalt led cloud capabilities, powered by ‘One Infosys’ approach.

“We continue to gain market share as a result of sustained clients’ confidence in our ability to successfully navigate their digital journeys.

“With the acceleration of digital disruptions across industries, we see immense potential to engage and partner with clients as they transform, adapt and thrive. We will scale talent globally, invest in employees and accelerate innovation and digital capabilities to capitalize on the expanding market opportunity.”