INSUBCONTINENT EXCLUSIVE:
NEW DELHI: IT bellwether Infosys on Friday unveiled its first quarterly numbers under new CEO Salil Parekh
The figur es were pretty much in line with Street expectations
March quarter results.
RevenueInfy's revenue from operations came in at Rs 18,083 crore for January-March as against Rs 17,794 crore in the
Last year, the figure stood at Rs 17,120 crore
Total income stood at Rs 18,617 crore compared with Rs 18,756 crore in the December quarter.
PATThe IT major posted a 28.2 per cent drop in
sequential net profit at Rs 3,690 crore for the quarter to March against Rs 5,129 crore in the preceding quarter and Rs 3,603 crore in the
GuidanceIt has guided for 6-8 per cent constant currency revenue growth for FY19
It guided for 7-9 per cent revenue growth in dollar terms
Foreign brokerage Citi had expected Infosys to guide for 5.5-7.5 per cent revenue growth in constant currency terms and 6.5-8.5 per cent in
dollar terms.
Impairment loss/update on Panayahe company has recognised an impairment loss of Rs 118 crore ($18 million) in respect of
The corresponding writedown in the investment value of Panaya in the standalone financial statements of Infosys is Rs 589 crore ($90
million).
Infy to sell Skava, PanayaThe company initiated identification and evaluation of potential buyers for its subsidiaries, Kallidus
and Skava -- together referred to as Skava -- and Panaya
The company anticipates completion of the sale by March 2019 and accordingly, investments amounting to Rs 1,525 crore in respect of these
subsidiaries have been reclassified as "held for sale".
DividendThe company has recommended a final dividend of Rs 20.50 per share for
2017-18 and special dividend of Rs 10 per share.
New clientsHave won TCV (Total contract value) deals of $3 billion for FY18
EPSThe earnings per share (EPS) for the quarter under review stood at Rs 16.98 against Rs 22.55 in October-December
EPS stood at Rs 15.77 in the same quarter last year
Lead Independent DirectorThe company has appointed Kiran Mazumdar-Shaw, Independent Director, as the Lead Independent Director of the board
Approval of US co buyApproved a definitive agreement to acquire Wongdoody holding Company Inc, a US-based creative and consumer insights
agency, for a total consideration of up to $75 million -- approximately Rs 489 crore -- including contingent consideration and retention
payouts, subject to regulatory approvals and fulfillment of closing conditions.
Capital Allocation PolicyThe IT major has reviewed and
approved the Capital Allocation Policy of the company after taking into consideration the strategic and operational cash requirements in the
