Infosys Q1 sales up 7.7 per cent; net profit at Rs. 2370 crore

Infosys' June quarter sales jumped 7.7 per cent sequentially to Rs. 11,267 crore, beating estimates, on the back of sharp depreciation in the Indian rupee. Net profit for the June quarter dipped by 1 per cent to Rs. 2,370 crore sequentially, but the decline was lower than estimates. "Despite facing an uncertain macro-environment, changing regulatory regime and a volatile currency environment, we have done well in Q1 and are cautiously optimistic about rest of the year," chief executive S. D. Shibulal said.