Infosys, India's second largest software exporter, announced a rise in consolidated net profit for the quarter ended June 2018. During the quarter, the profit of the company rose 3.7% to Rs 36.12 billion from Rs 34.83 billion in the same quarter last year. On sequential basis, the company registered up of 2.1% in the net profit.
     
Revenues for the quarter rose 12.0% to Rs 191.28 billion, compared with Rs 170.78 billion for the prior year period. On sequential basis, the company registered rose of 5.8% in the revenues.

''The strong revenue and margin performance in this quarter shows that our dual emphasis on Agile Digital and AI-driven Core services is resonating with our clients,'' said Salil Parekh, CEO and MD. ''With our Agile Digital business growing sequentially at 8% in constant currency and increase in our large deal wins to over USD 1 billion, we see good traction in the market.''

''Our emphasis on deepening client relationships resulted in strong client metrics including increase in the number of $100 million+ clients to 24,'' said U B Pravin Rao, COO. ''Utilization excluding trainees reached an all-time high of 85.7%.''

''We had broad-based financial performance on multiple fronts-RoE crossed 25%, Free cash flow was up 32% quarter on quarter and operating margins were at the upper quartile of our margin guidance,'' said M.D. Ranganath, CFO. ''While we continue to make strategic investments to leverage the opportunities in Digital, our relentless focus on operational efficiencies continued in this quarter.''

Shares of the company gained Rs 14.5, or 1.12%, to settle at Rs 1,309.10. The total volume of shares traded was 1,105,721 at the BSE (Friday).