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Infosys also said it is buying back shares worth $1.2 billion (about Rs 9,200 crore) this year and paying a dividend of $850 million. (File photo) BENGALURU: Buoyed by strong new-age digital deals, which now make up more than half of its topline, Infosys said it expects its revenue in 2021-22 to grow at 12-14% on a constant currency basis. The double-digit growth reflects a sharp turn-around from the difficulties in the early months of the pandemic. “The guidance is a strong indication that we see very good demand.Demand is broad-based, almost all of the industries are providing a good outlook for demand,” CEO & MD Salil Parekh said on Wednesday during the results announcement. ....
ET Stocks NEWS Powered by Infosys Q4 Results: Consolidated PAT falls 2.6% QoQ, misses estimate; firm to buy back shares at 25% premium SECTIONS Infosys Q4 Results: Consolidated PAT falls 2.6% QoQ, misses estimate; firm to buy back shares at 25% premiumBy Share Synopsis Infosys reported a 2.8 per cent quarter-on-quarter growth in consolidated revenues for the quarter to Rs. 26,311 crore, which was slightly lower than analysts’ estimate of Rs. 26,701.8 crore. Infosys Q4 Results: PAT misses estimates; firm approves Rs 9,200 cr share buyback plan and dividend of Rs 15 Related NSE Explore Now MUMBAI: Information technology giant Infosys today reported a 2.6 per cent on quarter fall in its consolidated net profit to Rs 5,078 crore for the quarter ended March, which was lower than analysts’ estimate of Rs 5,170.2 crore. ....
Infosys revenue from operations rose 12.5 per cent annually to Rs 26,856 crore. Highlights Infosys won large deals worth a total of $2.1 billion in March quarter Infosys board approved a share buyback proposal of Rs 9,200 crore The country s second largest software services company - Infosys - on Wednesday, April 14, 2021, reported an annual increase of 17 per cent in its net profit at Rs 5,076 crore on the back of large contract wins as the COVID-19 pandemic drove digitisation efforts in multiple sectors. The Bengaluru-based company had reported profit of Rs 4,335 crore during the same quarter last year. However, on a sequential basis its profit registered a decline of 2.32 per cent. ....
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. ( ....
ET Stocks NEWS Powered by Infosys Q4 Results Preview: Profit, deal TCV may fall sequentially; FY22 CC revenue guidance likely at 12-15% SECTIONS Infosys Q4 Results Preview: Profit, deal TCV may fall sequentially; FY22 CC revenue guidance likely at 12-15%By Share Synopsis Analysts largely expect Infosys to guide for FY22 constant currency revenue growth of 12-15 per cent and an Ebit margin guidance of 22-25 per cent for the financial year. ETTelecom ICICI Direct expects Infosys to report 4.5 per cent QoQ increase in revenues in constant currency terms mainly led by traction in cloud migration, ramp up of deal wins and Vanguard deal. ....