IT bellwether Infosys on Wednesday announced that its Board of Directors has recommended a final dividend of Rs 15 per share, subject to the approval of shareholders.
So far in April 2021, Infosys has added 1.1 per cent. Infosys share price closed nearly 2 per cent down at Rs 1,398.60 apiece on BSE, one day before the quarterly earnings.
IT bellwether Infosys on Wednesday announced that its Board of Directors has recommended a final dividend of Rs 15 per share, subject to the approval of shareholders. The dividend will be paid on June 25, 2021 and the record date for the purpose of the payment of final dividend is June 1, 2021. In the past 12 months company has given one interim dividend of 12 per share, which was effective from October 23, 2020, and one final dividend of Rs 9.5 per share, effective from May 29, 2020. For the year ended March 2020, Infosys had declared an equity dividend of Rs 17.5 per share. Following the trend, Infosys clocked a 17.1 per cent per cent on-year rise in net profit at Rs 5,078 crore in the January-March quarter. Earlier this week, Tata Consultancy Services (TCS) also announced a final dividend of Rs 15 per share.
*Infosys posted a 17.1 per cent per cent on-year rise in net profit at Rs 5,078 crore. Sequentially, the net profit slipped by 2.62 per cent from Rs 5,215 crore posted in the December quarter of FY21.
*Infosys’ revenue grew 13.08 per cent to Rs 26,311 crore on-year and 1.5 per cent sequentially. Infosys revenue came at Rs 23,267 crore in the quarter ended March 31, 2020, and Rs 25,927 crore in December 2020 quarter
*The revenues in CC (constant currency) terms grew by 9.6 per cent on-year and 2 per cent, sequentially. In dollar terms, the company reported revenue at $3,613 million, a growth of 13 per cent on-year.
*The digital revenues for the January-March 2021 quarter stood at 51.5 per cent of the total revenues, a CC growth of 34.4 per cent on-year.
*Infosys operating margin stood at 24.5 per cent, an increase of 3.4 per cent on-year and a decline of 0.9 per cent, sequentially.
*For FY22, Infosys forecasts revenue growth guidance of 12-14 per cent in constant currency terms while it posted operating margin guidance of 22-24 per cent.
For the full FY21, Infosys has delivered a 5 per cent revenue growth. Large deal TCV (total contract value) for FY21 peaked to an all-time high of $14.1 billion with 66 per cent being net new. Operating margin for the year expanded by 3.2 per cent. “The Board has recommended capital return of Rs 15,600 crore ($2.08 billion) including final dividend of Rs 6,400 crore ($0.85 billion) and open market buyback of shares of Rs 9,200 crore ($1.23 billion). “We have crossed a milestone of Rs 1 lakh crore in revenue in FY21. Our intense focus on client relevance, growing our digital portfolio with differentiated capabilities like Infosys CobaltTM, and empowering employees have helped us emerge as a preferred ‘partner-of-choice’ for our global clients. Our record large deal wins stand testimony to the effectiveness of this approach,” said Salil Parekh, CEO and MD.
Infosys share price rallies 11% YTD
Infosys share price has surged 8.5 per cent in January-March 2021, and 11 per cent so far this calendar year (YTD). During the quarter ended March 31, 2021, the Nifty IT index jumped 6.61 per cent, as against a rise of 5 per cent in the Nifty 50 index. So far in April 2021, Infosys has added 1.1 per cent. Infosys share price closed nearly 2 per cent down at Rs 1,398.60 apiece on BSE, one day before the quarterly earnings