Infosys Q4 Results: Consolidated PAT falls 2.6% QoQ, misses estimate; firm to buy back shares at 25% premium

0

MUMBAI: Information expertise large Infosys right now reported a 2.6 per cent on quarter fall in its consolidated internet revenue to Rs 5,078 crore for the quarter ended March, which was decrease than analysts’ estimate of Rs 5,170.2 crore.

The firm reported a 2.8 per cent quarter-on-quarter (QoQ) development in consolidated revenues for the quarter to Rs 26,311 crore, barely decrease than analysts’ estimate of Rs 26,701.8 crore.

The Bengaluru-based firm additionally guided for 12-14 per cent gross sales development in fixed foreign money phrases in 2021-22 and an working margin band of 22-24 per cent.

Infosys additionally authorised a share buyback plan value Rs 9,200 crore. The firm mentioned it’ll buyback shares from shareholders at Rs 1,750, a premium of 25 per cent to Tuesday’s closing worth. The firm additionally introduced a closing dividend of Rs 15 per share.

On a year-on-year foundation, the corporate’s revenues rose 9.6 per cent within the March quarter whereas the bottomline climbed 17 per cent.

For the quarter ended March, the corporate reported consolidated working margin of 24.5 per cent, down 90 foundation factors from the earlier quarter.

The firm has had a stellar 2020-21 after an preliminary stumble due to the pandemic largely due to accelerated migration to digital companies resembling cloud by firms the world over. In the March quarter, the corporate reported deal wins value $2.1 billion.

In fixed foreign money phrases, the IT behemoth’s revenues rose 2 per cent on a sequential foundation within the March quarter. The income efficiency within the quarter was aided by 34.4 per cent year-on-year development in digital companies.

“A strong momentum exiting FY21, alongside a focused strategy to accelerate client digital journeys, gives us confidence for a stronger FY22,” mentioned Chief Executive Officer Salil Parekh in an earnings assertion.

For the monetary 12 months ended March, Infosys reported a 5 per cent development in its topline in fixed foreign money phrases. The firm’s working margin rose 320 foundation factors to 24.5 per cent, whereas its primary earnings per share grew 12.5 per cent.

Shares of the corporate had ended 1.6 per cent decrease at Rs. 1,402.85 on the National Stock Exchange on Tuesday. Indian inventory market is closed right now on account of a public vacation.

FOLLOW us ON GOOGLE NEWS

 

Source

Leave a comment