Infosys posts better-than-expected 16 percent jump in 4th-quarter profit

MUMBAI (Reuters) - India's second-largest IT services company Infosys Ltd reported on Friday a better-than-expected 16 percent rise in fourth-quarter net profit, helped by new client wins.

Consolidated net profit rose to 35.97 billion rupees ($540.07 million) in its fiscal fourth quarter to March 31, from 30.97 billion rupees a year earlier.

Analysts on average had expected a net profit of 35.56 billion rupees, according to data compiled by Thomson Reuters.

The Bengaluru-headquartered company, which counts Apple Inc , Volkswagen AG and Wal-mart Stores Inc among its clients, said revenue rose 23.4 percent to 165.5 billion rupees.

($1 = 66.6027 rupees)

(Reporting by Himank Sharma; Editing by Muralikumar Anantharaman)