Infosys' Q4 Profit Jumps 30% To ₹7,975 Cr, Beats Estimates

Infosys reported its earnings for the quarter ended March in the after-market hours of Thursday.

What Happened: The company's revenue from operations stood at ₹37,923 crore, up 14 % from the ₹37,441 crore posted in the same quarter last year. The IT services giant's net profits stood at ₹7,969 crore, up 30% from the ₹6,128 net profits posted in the same quarter last year. The number was much ahead of street estimates of around ₹6,100 crore.

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The company's operating margin stood at 20.1%. The company guided for revenue growth of 1%-3% in constant currency for the year ending March 25. The company expects operating margin to be between 20%-22%.

The company also announced a final dividend of ₹20 per share and a special dividend of ₹8 per share. The record date for the dividend is May 31. The company also announced that its board has approved the acquisition of in-tech, an Engineering R&D services provider focused on the German automotive industry.

Price Action: Infosys share price was up 1.06% to trade at ₹1,429.50 at close on Thursday.

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Posted In: EarningsEquitiesNewsMarketsinfosys