Infosys Q4 net profit up 12% at Rs.5686 crore, Revenue up 23%

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Biznextindia : Infosys, India’s second largest software exporter, on Wednesday reported a 12% year-on-year rise in its consolidated net profit at Rs 5,686 crore for the fourth quarter ended March (Q4) as against Rs 5,076 crore a year ago. Revenue rose nearly 23% to Rs 32,276 crore in Q4FY22 as against Rs 26,311 crore in Q4FY21.

The company said its board recommended a final dividend of Rs 16 per equity share for the financial year ended March 31, 2022.

“Together with the interim dividend of Rs.15 per share already paid, the total dividend per share for FY22 will amount to Rs.31 (app. $0.41 per ADS) which is a 14.8% increase over FY21. With this, the company has announced total dividend of approx. Rs.13,000 crore (approx. $1.74 billion) for FY22” the company said.

The company has guided for revenue growth of 13-15 per cent YoY in constant currency for FY23, while it guided for an operating margin of 21-23 per cent for the financial year.

“Infosys delivered highest annual growth in a decade with broad-based performance driven by deeply differentiated digital and Infosys Cobalt led cloud capabilities, powered by ‘One Infosys’ approach. We continue to gain market share as a result of sustained clients’ confidence in our ability to successfully navigate their digital journeys”, said Salil Parekh CEO and MD. “With the acceleration of digital disruptions across industries, we see immense potential to engage and partner with clients as they transform, adapt and thrive. We will scale talent globally, invest in employees and accelerate innovation and digital capabilities to capitalize on the expanding market opportunities”, he added.

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