Outsourcing King Infosys saw its first quarter revenues grow sequentially by 3.2 percent with a six percent improvement on last year.
The outfit announced that its revenues were $2,651 million for the quarter ended June 30, 2017 and its operating profit was $638 million for the quarter ended June 30, 2017.
Infosys CEO Dr. Vishal Sikka said that the company’s focus in Q1 is reflected in broad-based performance on multiple fronts- revenue growth, resilient margins despite multiple headwinds, healthy cash generation and overall business results.
“I am encouraged by the uptick in revenue per employee for six quarters in a row, and the strong momentum in our new high growth services and software, as we accelerate our focus on innovation-led growth. The widespread adoption of our grassroots innovation and education initiatives continue to fuel our transformation, and I am proud to see Infoscions embrace and drive Infosys towards becoming a next-generation services company.”
The company saw broad-based growth across geographical and industry segments and the bottom line was helped by new services and software offerings.
Company Revenues are expected to grow 6.5 percent to 8.5 percent and the moves towards automation and innovation such as Cloud Ecosystem, Big Data and Analytics, API and Micro Services, Data and Mainframe Modernisation, Cyber Security and IoT Engineering Services will grow.
Infosys is also expecting good things from its next-generation AI Platform Nia which was launched in April.
