Infosys guidance News
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Infosys, India's second-biggest software exporter, Thursday announced plans to return Rs 13,000 crore from its cash pile to shareholders after it reported an almost flat net profit in the March quarter and sales outlook that fell short of estimates.
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Country's second-largest software firm Infosys on Thursday reported a marginal decline in its consolidated net profit at Rs 3,603 crore for the quarter ended March 31.
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Global software major Infosys Ltd on Friday declared an interim dividend of a whopping 220 percent or Rs 11 per share of Rs 5 face value for the first six months (April-September) of this fiscal (2016-17).
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Shares of IT major Infosys on Friday fell by over 5 percent after the company slashed its revenue guidance for the second time this year due to its recent performance and "near-term uncertain business outlook".
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Infosys may slash its revenue guidance for the second time this fiscal, stung by "risks" like challenges in the banking and financial services sector and cancellation of projects.
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Software services major Infosys today reported a 3.9 percent Q on Q growth in consolidated net profit at Rs 3,597 crore for the quarter ended March 31, 2016.
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Country's second largest software services firm Infosys today said it expects the second half of the current fiscal to be soft as there are lesser working days and furloughs but is fairly optimistic about the future.
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Consolidated net profit in July-September rose to Rs 3,398 crore compared with Rs 3,096 crore in the year-ago period, the company said in a statement.
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IT services major Infosys on Friday reported a moderate 3.5 percent growth in its net profit at Rs 3,097 crore for the quarter ended March 31, missing market expectations as business remained challenging for the company.
IT services major Infosys on Friday reported 3.5 percent growth in consolidated net profit to Rs 3,097 crore for the quarter ended March 31.
The company has announced acquisition, bonus issue in the ratio 1:1.
Infosys on Friday announced a 100 percent variable bonus payout to its employees for the December quarter as the country's second largest software services firm tries to stem its high attrition rates.
The company's net profit stood at Rs 2,875 crore in the same period last year.
Infosys posted 5 percent growth quarter on quarter to Rs 3,250 cr as against Rs 3,096 cr previous quarter.
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