INSUBCONTINENT EXCLUSIVE:
NEW DELHI: India's second largest IT firm Infosys on Friday reported 3.70 per cent YoY jump in profit at Rs 3,612 crore for the quarter
Analysts in an ETNow poll had predicted a profit of Rs 3,731.80 crore.
Profit was marginally impacted as the company recorded a reduction in
the fair value of disposal group held for sale amounting to Rs 270 crore in respect of Panaya.
Consequently, profit for the quarter
decreased by Rs 270 crore, resulting in a decrease in basic earnings per equity share by Rs 1.24 for the quarter.
Infosys maintained its
FY19 revenue guidance in constant currency at 6-8 per cent
The guidance for operating margin is retained at 22-24 per cent.
Revenue for the quarter came in at Rs 19,128 crore, up 12 per cent on a YoY
basis.
In dollar terms, revenue rose 6.8 per cent on a yearly basis
Sales were up 6 per cent in constant currency terms
The IT major approved a bonus issue of one equity share for every equity share held and a stock dividend of one American Depositary Share
(ADS) for every ADS held, as on a record date to be determined.
The IT company added four clients in $100 million plus region during the
