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Infosys Reports 10.5% YoY Increase In Q4 Profit; Announces Dividend

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Infosys Ltd reported a 10.51 percent increase in consolidated profit at Rs 4,078 crore for the January-March 2019 quarter on a year-on-year (YoY) basis.

In a statement to the stock exchanges, the company said that the board has recommended "a final dividend of Rs 10.50/- per equity share for the financial year ended March 31, 2019." The dividend payment is subject to the approval of the shareholders who are scheduled to meet at the Annual General Meeting to be held on 22 June 2019.

Infosys Reports 10.5% YoY Increase In Q4 Profit; Announces Dividend
 

The Bengaluru-based IT giant's net sales for the period climbed 19.1 percent to Rs 21,539 crore for the final quarter of 2018-19 from Rs 18,083 crore in the same period last year. The company's sales rose by 9.1 percent YoY to $3.06 million, marking a growth of 11.7 percent in constant currency terms.

Infosys sees revenue guidance at 7.5 to 9.5 percent for the financial ear 2019-20 in constant currency terms. Further, it has guided the operating margin at 21-23 percent and EBIT margin at 21-23 percent for the FY20.

"We have completed the first year of transformation journey with strong results on multiple dimensions including revenue growth, performance of digital portfolio, large deal wins, and client metrics," said Salil Parekh, CEO.

Read more about: infosys
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