Infosys logs Rs 3,690 cr net profit in Q4; Salil Parekh says ‘Navigating Your Next’ is our aspiration
Infosys, country's second largest software services firm, reported 28.2 per cent fall in net profit at Rs 3,690 crore in the quarter ended on March 31, 2018 on consolidated basis, in-line with expectations, as against Rs 5,129 crore reported in the December quarter of FY18. The tech major's revenues grew by 7.2 per cent in dollar terms, while 5.8 per cent in constant currency terms, with operating margins coming in at 24.3 per cent.
Stating their outlook for FY19, the company said revenues are expected to grow 6 per cent to 8 per cent in constant currency terms, and 7 per cent to 9 per cent in dollar terms based on the exchange rates as of March 31, 2018.
For the financial year 2018, the board recommended a final dividend of Rs 20.50 per share ($0.31 per ADR) amounting to Rs 5,349 crore ($821 million) including DDT. After including the interim dividend of Rs 13 per share, the total dividend for FY18 will amount to Rs 33.50 per share resulting in a payout of Rs 8,771 crore ($1,349 million) including DDT, which will amount to approximately 70 per cent of free cash flow for the Financial Year 2018.
The total dividend of Rs 33.50 per share is approximately 30 per cent higher than total dividend of Rs 25.75 per share for financial year 2017, the company said in its filing to BSE.
Infosys added 73 new clients in Q4 FY18 with the client count standing at 1204. The tech major reported gross addition of 12,329 employees in the quarter under review. As of Mar 31, 2018, total employee figure stood at 204,107. Revenue per employee crossed $52,500, informed the company.
“I am pleased with our healthy revenue growth, profitability, and cash generation in Q4. Our robust performance is a reflection of the strong impact we have with our clients and the dedication of our employees. ‘Navigating Your Next’ is our aspiration of how we will partner with each one of our clients.” said Salil Parekh, Chief Executive Officer, Infosys.
Watch Infosys results live
Infosys Q4FY18 Results - Management Commentary https://t.co/vsTwkFzxYC
— Infosys (@Infosys) April 13, 2018
“We will execute our strategy around the four pillars of Scaling our Agile Digital business which is today $2.79 billion in revenue, Energizing our client’s core technology landscape via AI and automation, Re-skilling our employees, and expanding our localization in markets such as US, Europe, and Australia,” he added.
Infosys share price settled at Rs 1169, up 0.6 per cent on the BSE.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.