Infosys, a leading provider of information technology (IT) services, recorded a 17.47% year-on-year (YoY) increase in net profit for the March quarter of the fiscal year 2020-21 (Q4FY21) at Rs 5,076 crore, up from Rs 4,321 crore in the previous fiscal year. Infosys today posted a 2.6% quarter-on-quarter drop in consolidated net profit to Rs 5,078 crore for the quarter ended March, which was lower than analysts' expectations of Rs 5,170.2 crore.
Here are quick highlights from the Infosys results:
On a year-over-year basis, Infosys' revenue increased by 13.08% to Rs 26,311 crore, and by 1.5% sequentially. The revenue of Infosys was Rs 23,267 crore in the quarter ended March 31, 2020, and Rs 25,927 crore in the quarter ended December 31, 2020.
In CC terms, revenues increased 9.6% year over year and 2.0% quarter over quarter. In CC terms, revenues increased by 5.0%t year over year.
The operating margin was 24.5%, up 3.4% year over year but down 0.9%quarter over quarter. Operating margin of 24.5%, up 3.2% year on year.
Basic EPS is at 0.16, up 18.0% year over year.
In addition, a final dividend of Rs 15 per share was suggested for FY21. The cumulative dividend paid by the company for FY21 will be Rs 27 per share, including the interim dividend of Rs 12 per share already paid.
The company's board of directors approved a share buyback programme worth up to Rs 9,200 crore, priced at Rs 1,750 per share.
Infosys posted a 15.2% voluntary attrition rate for the quarter ended March 31 on Wednesday. In the October-December quarter, it was 10%, according to Infosys' regulatory filing. As of March 31, 2021, the Bengaluru-based company had a total workforce of over 2.59 lakh people.
On Tuesday, the company's stock ended 1.6 percent lower at Rs. 1,402.85 on the National Stock Exchange.