Infosys announced its July-September quarter results for the financial year 2021-22 on Wednesday, October 13, reporting a net profit of Rs 5,421 crore, up 11.88 per cent year-on-year, on a consolidated basis. The country's second-largest information technology (IT) services provider by market value, raised its annual revenue guidance as pandemic-led digital services demand helped the company in securing large deals from global businesses looking to expand their digital offerings.
Infosys FY21 net profit rises 16.6% to Rs 19,351 crore
The company s board recommended a capital return of Rs 15,600 crore, including final dividend of Rs 6,400 crore, and open market buyback of shares of Rs 9,200 crore.
Rai Vinaykumar | April 14, 2021 | Updated 19:49 IST
Infosys will buyback shares at a maximum price of Rs 1,750 apiece.
IT major Infosys on Wednesday reported a 16.6 per cent year-on-year (YoY) increase in its consolidated net profit at Rs 19,351 crore for the financial year ended March 31, 2021. The company s revenue rose 10.7 per cent YoY to Rs 1,00,472 crore during the fiscal under review. Operating margin during the fiscal expanded 320 basis points to 24.5 per cent.
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Infosys expects FY22 revenue to grow 12-14% in constant currency
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Infosys expects FY22 revenue to grow 12-14% in constant currency IT services major Infosys on April 14 posted a 17.5% rise in net profit to ₹5,076 crore for the March quarter, and announced up to ₹9,200 crore buyback offer at a maximum price of ₹1,750 per share.
The Bengaluru-based company’s net profit (after minority interest) was ₹4,321 crore in the January-March 2020 quarter.
Its revenue grew 13.1% to ₹26,311 crore in the March 2021 quarter from ₹23,267 crore in the year-ago period, Infosys said in a regulatory filing.
The company’s FY21 net profit was up 16.6% to ₹19,351 crore, while revenue was higher by 10.7% to ₹1,00,472 crore compared to the previous fiscal.
Infosys FY21 net profit rises 16.6% to Rs 19,351 crore
The company s board recommended a capital return of Rs 15,600 crore, including final dividend of Rs 6,400 crore, and open market buyback of shares of Rs 9,200 crore.
Rai Vinaykumar | April 14, 2021 | Updated 19:49 IST
Infosys will buyback shares at a maximum price of Rs 1,750 apiece.
IT major Infosys on Wednesday reported a 16.6 per cent year-on-year (YoY) increase in its consolidated net profit at Rs 19,351 crore for the financial year ended March 31, 2021. The company s revenue rose 10.7 per cent YoY to Rs 1,00,472 crore during the fiscal under review. Operating margin during the fiscal expanded 320 basis points to 24.5 per cent.