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20 April, 2018 14:23 IST
Infosys Q4 profit rises 2% y-o-y to Rs 36.90 bn
Source: IRIS | 13 Apr, 2018, 04.53PM
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Infosys, India's second largest software exporter, announced a rise in consolidated net profit for the quarter ended March 2018. During the quarter, the profit of the company rose 2.4% to Rs 36.90 billion from Rs 36.03 billion in the same quarter last year. On sequential basis, the company registered fall of 28.1% in the net profit.
Revenues for the quarter rose 5.6% to Rs 180.83 billion, compared with Rs 171.20 billion for the prior year period. On sequential basis, the company registered rose of 1.6% in the revenues.

The company's outlook (consolidated) for the fiscal year ending March 31, 2019, revenues are expected to grow 6%-8% in constant currency; revenues are expected to grow 7%-9% in USD terms based on the exchange rates as of March 31, 2018.

''I am pleased with our healthy revenue growth, profitability, and cash generation in Q4. Our robust performance is a reflection of the strong impact we have with our clients and the dedication of our employees. 'Navigating Your Next' is our aspiration of how we will partner with each one of our clients,'' said Salil Parekh, CEO. ''We will execute our strategy around the four pillars of Scaling our Agile Digital business which is today USD 2.79 billion in revenue, Energizing our client's Core technology landscape via AI and automation, Re-skilling our employees, and Expanding our localization in markets such as US, Europe, and Australia.''

''Revenue productivity per employee was stable during the year as the benefits of automation and newer services kicked in. Employee utilization remained healthy,'' said Pravin Rao, COO. ''During the quarter, we provided highest level of variable payouts in several years. We will be rolling out compensation increases for a large part of our workforce effective April 1st.''

''Our operating margins during the quarter and fiscal 2018 were resilient due to unwavering focus on productivity and operational efficiency, leading to a robust cash generation. During the year, the company implemented the capital allocation policy including the successful closure of USD 2 billion share buyback program in December 2017 and healthy increase in Dividend Per Share for the year,'' said M.D. Ranganath, CFO. ''Our margin guidance reflects our emphasis on digital-led growth and focused investments in this journey.''

Shares of the company gained Rs 6.75, or 0.58%, to settle at Rs 1,169.00. The total volume of shares traded was 294,805 at the BSE (Friday).

Infosys Limited   (Q,N,C,F)*

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