Infosys today reported 24.98% growth in consolidated net profit to Rs 29.92 billion for the quarter ended Mar. 31, 2014. On quarter on quarter basis, it posted a rise of 4.07% in the net profit.

Revenues has increased to Rs 128.8 billion for the quarter ended Mar. 31, 2014 from Rs 104.5 billion for the year ended Mar. 31, 2013, representing increase of 23.16%. On quarter on quarter basis, it posted a fall of 1.16% in the revenues.

Commenting on Infosys earnings, Dipen Shah, head- private client group research, Kotak Securities said, ''Infosys' results and guidance were largely in line with estimates. The 7-9% growth in FY15 indicates about 2.5% CQGR growth in FY15, which is encouraging. While a few verticals and geographies have seen a decline QoQ, that was in line with earlier management commentary.''

''We believe that, client - specific and vertical-specific issues may likely impact the near term results. However, we believe that, the initiatives being taken by the management should lead to higher growth and stable margins in 2HFY15 and FY16. To that extent, we maintain our positive view on the stock with a medium-to-long term perspective,'' he added.

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