The company had posted 3.32 per cent profit growth on a year-on-year basis. Analysts in an ET Now poll had predicted a net profit at Rs 3,530.20 for the quarter.The company reported 3.12 per cent growth in consolidated total income at Rs 18,450 crore for the quarter compared with Rs 17,892 crore reported for Q1 of FY18. Infosys Chief Operation Officer UB Pravin Rao had been given the interim charge of managing director and CEO on August 24.Infosys declared an interim dividend of Rs 13 per equity share and fixed the record date for interim dividend as November 1, 2017 and payment date as November 4, 2017.The company said its strategic direction will continue to be driven with a portfolio of market-relevant design, consulting and technology services, enabled by software. Successful execution of this strategy would position it as the partner that clients can count on to accelerate their digital transformation journey.Over the past eight weeks, members of the management team and the committee of directors undertook a comprehensive strategy refresh exercise. With the objective of outlining a sharpened strategic direction, they reviewed all programmes across the organisation, accelerated execution plans and prioritised key areas of investments across the services and software portfolios, the statement said.

Source: Economic Times October 24, 2017 11:26 UTC