Infosys Reports Profit Of Rs 3,609 Crore In December Quarter: 10 Points
- Revenue stood at Rs 21,400 crore for the quarter ended December 31, up 3.8 per cent compared with Rs 20,609 crore in the previous three-month period.
- In constant currency terms, revenue growth stood at 2.7 per cent in the October-December period. The growth stood at 10.1 per cent in constant currency terms compared to the quarter ended December 31, 2017.
- "With increased client relevance, we saw double digit year-on-year growth in Q3 on a constant currency basis," said Salil Parekh, CEO and managing director, Infosys.
- Digital revenues registered a sequential growth of 5 per cent in constant currency terms sequentially (compared with the quarter ended September 30, 2018), and 33.1 per cent annually (year-on-year).
- "We also had another strong quarter in our digital business with 33.1 per cent growth and large deals at $1.57 billion which gives us confidence entering 2019", he added.
- Infosys raised its revenue guidance for financial year 2018-19 to 8.5-9.0 per cent in constant currency terms.
- The IT company announced a share buyback of Rs 8,260 crore at a maximum price of Rs 800 per share.Infosys also declared a special dividend of Rs 4 per share, according to its filing.
- The company also said it was "no longer highly probable" that the sale of its units Kallidus & Skava and Panaya would be completed by March 31, 2019.
- Shares in Infosys closed 0.7 per cent higher at Rs 684.35 apiece on the NSE, outperforming the broader markets which finished 0.3 per cent lower.
- Infosys is the country's second-biggest software services exporter by market capitalisation after Tata Consultancy Services, which reported a record profit of Rs 8,105 crore for the December quarter on Thursday.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
-
When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
