Infosys net grows 13 percent in fiscal 2013-14

Bangalore, April 15: Infosys Ltd. registered net profit of Rs.10,648 crore for fiscal year 2013-14, registering 13 percent year-on-year (YoY) growth over previous fiscal (2012-13), according to the Indian accounting standard.

In a regulatory filing Tuesday, the IT bellwether said consolidated revenue for the fiscal under review (FY 2014) has increased 24 percent YoY to Rs.50,133 crore from Rs.40,352 crore year ago.

Under the International Financial Reporting Standard, net income, however, grew 1.5 percent YoY to $1.75 billion and gross revenue 11.5 percent YoY to $8.25 billion.

IANS