Infosys Limited (NSE: INFY) today reported its first quarter financial results for the period ended June 30, 2021.
Net profit for the first quarter was ₹5,195 crore, or ₹12.21 per share, compared to net profit of ₹4,233 crore, or ₹9.97 per share in the first quarter of 2021.
Revenue increased 18% YoY to ₹27,896 crore.
We remain confident of delivering on the margin guidance, underpinned by our comprehensive cost optimization program, despite increasing cost headwinds arising largely from compensation review, talent acquisition and retention. Our free cash conversion was strong at 122.3% of net profit and ROE improved to 29.3%.
Nilanjan Roy, CFO