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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 Share Price: Shares were last trading 2.49 per cent lower at Rs 1,390.35 on BSE
Share price of IT major Infosys fell around three per cent on Tuesday, April 13, ahead of its fourth-quarter corporate earnings results due tomorrow - April 14, 2021. The shares of the country s second-largest software services company witnessed a decline today after it recently announced that the board will consider a proposal to buyback shares at its upcoming board meet on Wednesday, April 14, 2021. On Tuesday, Infosys opened on the BSE at Rs 1,433, touching an intra day high of Rs 1,435.95 and an intra day low of Rs 1,375, in the session so far. (
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Infosys reports record $7.13 billion deal wins raises revenue guidance after its best December quarter in eight years
Infosys reports record $7.13 billion deal wins raises revenue guidance after its best December quarter in eight years
Rounak JainJan 13, 2021, 18:20 IST
Infosys reported record $7.13 billion deal wins in the December quarterIANS
Infosys more than doubled its deal wins in the December quarter, setting a new record with $7.13 billion deal wins.
India’s second-largest IT services company has clocked in a 7.3% rise in its third-quarter profit, while margins stood at 25.4%.
Digital revenues accounted for over half of its total revenues, with a growth of 31.3%.
Infosys has also raised its revenue guidance for FY21 to 4.5-5%. Infosys delivered another blockbuster quarter, led by its largest-ever deal wins so far worth $7.13 billion in the December quarter with digital revenues accounting for over half of its total revenue.
Infosys Q3 profit likely to grow 15-18%, but margin may drop
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Synopsis Analysts said the IT major may raise its annual revenue growth forecast and the management s take on how margins will play out in the context of large deals will be watched closely.
Infosys will report its financial results for the December quarter on Wednesday.
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NEW DELHI: IT major Infosys may report a strong set of numbers for the third quarter of the current financial year, with incremental revenues coming from the Vanguard deal. Margins may take a hit on wage hikes for junior employees during the quarter. Analysts said the IT major may raise its annual revenue growth forecast and the management s take on how margins will play out in the context of large deals will be watched closely.