Infosys Q4 profit up 11% to  Rs 4,078 crore, Announces Dividend of Rs.10.50 per share

Biznextindia : Infosys, India’s second largest IT services provider on Friday reported profit at Rs 4,078 crore in Q4, registering a growth of 10.51 percent over previous quarter.

 The profit was at Rs.3610 Crore in the previous quarter ending December 2018 and Rs.3690 Crore in the corresponding quarter in FY18. Dollar revenue for the quarter stood at at $3,060, growing 2.44 percent sequentially. Operating profit margin contracted to 21.4 percent against 22.57 percent in previous quarter. Meanwhile, Profit for the whole 2018-19 financial year has dropped to Rs.15410 Crore from Rs. 16029 Crore.

Infosys has announced final dividend of Rs.10.50 per share. The software major has kept FY 20 revenue guidance in the range of 7.5%-9.5% in constant currency terms and  FY 20 Operating margin guidance in the range of 21%-23%.

 “We have completed the first year of our transformation journey with strong results on multiple dimensions including revenue growth, performance of our digital portfolio, large deal wins, and client metrics. This is a reflection of our increased client relevance stemming from our focus on digital, positioning, and longstanding client relationships”, said Salil Parekh, CEO and MD. “Our planned investments have started yielding benefits. As we look ahead into fiscal 2020, we plan to deploy various measures of operational efficiencies across the business.”