For FY14, Infosys reported a 13% increase net profit to Rs10,648 crore even as its revenues grew 24.2% to Rs50,133 crore. The company declared a final dividend of Rs43 per share
Infosys Ltd, India's second largest software company reported a 25% jump in its fourth quarter net profit on higher revenues.
For the quarter to end-March, Infosys’ net profit rose 24.9% to Rs2,992 crore from Rs2,394 crore while total revenues, including sales, increased 23.1% to Rs12,875 crore from Rs10,454 crore, same period last year.
Infosys reported a 13% increase in its full year (FY14) net profit to Rs10,648 crore even as its total revenues, including sales grew 24.2% to Rs50,133 crore from Rs40,352 crore a year ago period.
In a regulatory filing, SD Shibulal, chief executive and managing director of Infosys, said “I am pleased that we have been able to double our growth rate for the full year compared to last year, though performance in the last quarter of FY 14 has been disappointing. We have guided for a revenue growth of 7%-9% next year and remain firmly focused on building the growth momentum by making all the necessary investments in our business.”
The company has reported earnings per share (EPS) of Rs186.35 for fiscal 2014, a 13% growth when compared to the previous fiscal on a year-on-year basis.
Infosys has declared a final dividend of Rs43 per share.
“Our cash and cash equivalents crossed Rs30,000 crore during the quarter. We have increased the dividend payout ratio to up to 40% of post-tax profits effective FY14 to enhance returns for our shareholders,” said Rajiv Bansal, chief financial officer.
Infosys also appointed Carol M Browner as an additional director of the company. Ms Browner was director of White House Office of Energy and Climate Change Policy in the Obama administration during 2009 to 2011.
At 10.34am Tuesday, Infosys was trading 1.7% higher at Rs3,290 on the BSE, while the benchmark Sensex was marginally down at 22,483.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
