Infosys Q4 Results: Profit jumps 30% YoY to Rs 7,969 crore; co sees FY25 revenue growth at 1-3%

April 18, 2024

, By The Economic Times

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IT services company Infosys on Thursday posted a 30% YoY growth in its consolidated net profit at Rs 7,969 crore for the quarter ended March 2024. The same was at Rs 6,128 crore in the same quarter of last year.

Revenue from operations in the fourth quarter stood at Rs 37,923 crore, up 1% from Rs 37,441 crore clocked in the previous year’s quarter.

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Infosys announces final dividend of Rs 20 & special dividend of Rs 8

The Bengaluru-based software major forecast that its constant currency revenue growth for FY25 will be around 1-3%.

The company’s board has recommended a final dividend of Rs 20 per share for FY24 and an additionally a special dividend of Rs 8 per share.

For the March quarter, revenues were flat YoY in constant currency (terms) but declined 2.2% quarter-on-quarter (QoQ).

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Infosys clocked a deal value of $4.5 billion in the January-March period, with 44% of it being net new ones. FY24 deal value was the highest ever at $17.7 billion, which the company says will create a robust foundation for growth.

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Infosys Q4 Results: Profit jumps 30% YoY to Rs 7,969 crore; co sees FY25 revenue growth at 1-3%

April 18, 2024

, By The Economic Times

IT services company Infosys on Thursday posted a 30% YoY growth in its consolidated net profit at Rs 7,969 crore for the quarter ended March 2024. The same was at Rs 6,128 crore in the same quarter of last year.

Revenue from operations in the fourth quarter stood at Rs 37,923 crore, up 1% from Rs 37,441 crore clocked in the previous year’s quarter.

Elevate Your Tech Prowess with High-Value Skill Courses

Offering College	Course	Website
IIT Delhi	IITD Certificate Programme in Data Science & Machine Learning	Visit
MIT	MIT Technology Leadership and Innovation	Visit
IIM Kozhikode	IIMK Advanced Data Science For Managers	Visit

Infosys announces final dividend of Rs 20 & special dividend of Rs 8

The Bengaluru-based software major forecast that its constant currency revenue growth for FY25 will be around 1-3%.

The company’s board has recommended a final dividend of Rs 20 per share for FY24 and an additionally a special dividend of Rs 8 per share.

For the March quarter, revenues were flat YoY in constant currency (terms) but declined 2.2% quarter-on-quarter (QoQ).

Discover the stories of your interest

Infosys clocked a deal value of $4.5 billion in the January-March period, with 44% of it being net new ones. FY24 deal value was the highest ever at $17.7 billion, which the company says will create a robust foundation for growth.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

100,000 iPhones stolen instead of scrapped; Apple shredding usable devices

Next News

Screen Skinz raises $1.5 million seed to create custom screen protectors

The Economic Times

More like this

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