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View All NewsInfosys revenue up nearly 10% in fiscal fourth quarter
April 14, 2021
IT services giant Infosys Ltd. (NYSE: INFY) reported revenue was up 9.6% in constant currency as measured in US dollars in its fourth quarter ended March 31.
Gross margin improved.
| (US$ millions) | Q4 2021 | Q4 2020 | % change | % constant currency |
| Revenue | $3,613 | $3,197 | 13.0% | 9.6% |
| Gross profit | $1,256 | $1,064 | 18.0% | |
| Gross margin percentage | 34.8% | 33.3% | ||
| Net profit | $697 | $590 | 18.1% |
“A strong momentum exiting FY21, alongside a focused strategy to accelerate client digital journeys, gives us confidence for a stronger FY22,” CEO and Managing Director Salil Parekh said.
Full-year results
| (US$ millions) | FY 2021 | FY 2020 | % change | % constant currency |
| Revenue | $13,561 | $12,780 | 6.1% | 5.0% |
| Gross profit | $4,733 | $4,228 | 11.9% | |
| Gross margin percentage | 34.9% | 33.1% | ||
| Net profit | $2,613 | $2,331 | 12.1% |
Outlook
Infosys forecast revenue growth of between 12% and 14% in constant currency in its upcoming 2022 fiscal year.
Share price and market cap
Shares in Infosys were down 5.51% to $17.40 as of 12:55 p.m. Eastern time on the New York Stock Exchange; the company had a market cap of $79.09 billion, according to FT.com.