(Reuters) - Mastercard Inc reported a 38 percent rise in quarterly profit on Wednesday, boosted by higher consumer spending on credit and debit cards.
Net income rose to $1.49 billion, or $1.41 per share, in the first quarter ended March 31 from $1.08 billion, or $1 per share, a year earlier. (https://bit.ly/2rfeEYR)
Net revenue rose 31 percent to $3.58 billion.
(Reporting by Nikhil Subba in Bengaluru; Editing by Shailesh Kuber)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)