(Source: Poll Diary)
Infosys Q4 Results: Net Profit Rises 30% To Rs 7,969 Crore; Beats Estimates
Infosys Q4 Results: Infosys board recommended a final dividend of Rs 20 per equity share for FY24 and additionally a special dividend of Rs 8 per equity share
Infosys Q4 Results: Indian IT services firm Infosys on Thursday said its consolidated profit jumped 30 per cent to Rs 7,969 crore in the fourth quarter (Q4) ended March 2024, beating Street estimates. The company posted a profit of Rs 6,128 crore in the same period a year ago, according to a regulatory filing. The consolidated revenue of Infosys during the reported quarter increased by 1.3 per cent to Rs 37,923 crore from Rs 37,441 crore in the same quarter a year ago.
The company expects a revenue growth of 1-3 per cent in constant currency for financial year 2025. During the financial year ended March 2024, net profit increased by 8.9 per cent to Rs 26,233 crore from Rs 24,095 crore recorded in FY23. The annual income from operations increased by 4.7 cent to Rs 1,53,670 crore in fiscal year 2024 from Rs 1,46,767 crore a year ago.
Salil Parekh, CEO and MD, said, "Our capabilities in Generative AI continue to expand. We are working on client programs, leveraging large language models with impact across software engineering, process optimisation, and customer support."
Infosys board recommended a final dividend of Rs 20 per equity share for FY24 and additionally a special dividend of Rs 8 per equity share.
The company also announced that it will acquire 100 per cent stake in German firm in-tech in an all cash deal for 450 million euros.
Parekh said, "I would like to thank our 317,000 employees across the world that are working to create value for our clients." Very comfortable with our large deal wins," while adding "Hiring models has changed significantly over the years. Doing more than half of the hiring off campus."
Shares of Infosys closed at Rs 1,420.55, rising 0.41 per cent, on the BSE on Thursday.
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