INSUBCONTINENT EXCLUSIVE:
Infosys' net profit rose 2.4% to Rs 3,690 crore.
Infosys on Friday forecast its revenue in the current fiscal year would rise by 6 to 8 percent as India's
second-biggest software services exporter said it would pay shareholders a special dividend.The results were the first for a full quarter
under chief executive Salil Parekh who joined Infosys in January with the task of restoring growth and ensuring peace between Infosys
founders and the board after an acrimonius spat last year.The forecast for full-year revenue growth was slightly below brokerage firm
said it would stick to its policy of returning up to 70 per cent of its free cash, adding that it had identified up to 130 billion rupees
which would be paid to shareholders including a special dividend payout worth 26 billion rupees.Net profit rose 2.4 per cent to Rs 3,690
crore ($566 million) in the three months ended March 31, Infosys said.Eighteen analysts had on average expected net profit of Rs 3,709
Thomson Reuters 2018(Except for the headline, this story has not been edited by staff and is published from a syndicated feed.)
