Infosys Q4 results: The second-largest IT services provider in India recorded a net profit of Rs 7,696 crore.
The second-largest IT services business in India, Infosys Ltd., exceeded Street projections by reporting a net profit of Rs 7,969 crore for the fiscal fourth quarter. According to an exchange statement on April 18, the company declared sales of Rs 37,923 crore for the three months ended March 31.
Based on an average of 13 brokerage forecasts, analysts predicted a profit of Rs 6,128 crore on revenue of Rs 38,413 crore.
In advance of the quarterly earnings report, Infosys’ stock increased 0.34 percent today to close at Rs 1,419.25.
Additionally, Infosys announced a one-time dividend of Rs. 8 per share and a final dividend of Rs. 20 per equity share.
The business also declared the purchase of engineering, research, and development (ER&D) services provider In-Tech Holding GmbH.
“We are still developing our generative AI skills. Salil Parekh, CEO and MD, stated, “We are working on client programs, leveraging large language models with impact across software engineering, process optimization, and customer support.” “I want to express my gratitude to all 317,000 of our workers who are working to add value for our clients throughout the world.”
Parekh stated, “Very comfortable with our large deal wins,” and added, “Hiring models have changed significantly over the years.” hiring off-campus for more than half of the time.”
This company of Mukesh Ambani made sales worth Rs 400 Crore in a year by selling…
“Our unwavering focus on improving the working capital cycle led to the highest free cash flow of $848 million in Q4 over the previous 11 quarters,” the company said. The Board has approved the capital allocation policy, which enables the company to expect to return 85% over the next five years and gradually enhance the annual dividend per share, in line to provide high and predictable returns to shareholders, according to Jayesh.
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