Infosys net profit grows 13 per cent in fiscal 2013-14

Infosys registered net profit of Rs 10,648 crore for financial year 2013-14, registering 13 per cent year-on-year (YoY) growth over previous fiscal (2012-13) according to the Indian accounting standard.

In a regulatory filing on Tuesday, the IT bellwether said consolidated revenue for the financial year under review (FY14) has increased 24 per cent 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 per cent YoY to $1.75 billion and gross revenue 11.5 per cent YoY to $8.25 billion.