Last Updated: April 13, 2023, 16:31 IST
FILE PHOTO: An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore, February 28, 2012. REUTERS/Vivek Prakash
Apart from financial results, the Infosys board also announced the final dividend today
Infosys Dividend: India’s IT services major Infosys declared its Q4FY23 financial results on April 13. Apart from financial results, the Infosys board also announced the final dividend of Rs 17.50/ per share for 2022-23 at its annual general meeting.
Infosys posted nearly 8 per cent increase in consolidated net profit at Rs 6,128 crore for the quarter ended March 31, 2023. The IT services company had posted a net profit of Rs 5,696 crore in the year-ago period.
The consolidated EBIT for the March quarter comes at Rs 7,877 crore, while the consolidated EBIT Margin is at 21 per cent.
Infosys net addition of employees in the October to December 2022 period took a major hit, slipping 84 per cent to 1,627 from over 10,000 in the previous quarter of the fiscal, according to the tech giant’s quarterly earning report. However, its attrition rate has come down to 24.3 percent from 27.10 per cent in the July to September quarter.
For FY24, the company has guided for sales to grow by a mere 4-7 per cent in constant currency terms, which highlights the challenges it oversees for business in the current year. Operating margin is expected to be in the range of 20-22 per cent.
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