April 12, 2019 / 10:51 AM / 2 months ago

India's Infosys fourth quarter profit up over 10 pct

April 12 (Reuters) - Infosys Ltd, India’s second biggest software services exporter, reported a 10.4 percent rise in fourth-quarter profit on Friday, helped by strong growth in its key financial services segment and large deal wins during the quarter.

Net profit here for the January-March quarter came in at 40.74 billion Indian rupees ($588.62 million) compared to the 36.90 billion rupees it reported last year.

That came above street estimates of 39.56 billion rupees, Refinitiv Eikon data showed.

The IT bellwether reported a 19.1 percent increase in revenue from operations during the quarter. ($1 = 69.2000 Indian rupees) (Reporting By Arnab Paul and Chandini Monnappa in Bengaluru; Editing by David Evans)

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