Infosys Q4 Results 2024: IT Giant Announces Special Dividend
Infosys has declared its Q4 FY24 financial results.
Infosys announced results of quarter 4 for the 2023-24 financial year
Infosys Q4 Results 2024: IT major Infosys on Thursday disclosed a net profit of Rs 7,969 crore for the fourth fiscal quarter FY 2023-24, surpassing market expectations. Additionally, Infosys announced a final dividend of Rs 20 per equity share along with a one-time dividend of Rs 8 per share.
The company posted a profit of Rs 6,128 crore in the same period a year ago, according to a regulatory filing.
The consolidated revenue of Infosys during the reported quarter increased by 1.3 per cent to Rs 37,923 crore from Rs 37,441 crore in the same quarter a year ago. The company expects a revenue growth of 1-3 per cent in constant currency for financial year 2025.
During the financial year ended March 2024, net profit increased by 8.9 per cent to Rs 26,233 crore from Rs 24,095 crore recorded in FY23. The annual income from operations increased by 4.7 cent to Rs 1,53,670 crore in fiscal year 2024 from Rs 1,46,767 crore a year ago.
Additionally, the company declared its acquisition of In-Tech Holding GmbH, a provider of engineering, research, and development (ER&D) services.
Analysts anticipated that Infosys would report modest Q4 numbers, with expectations of either a sequential decline in revenue for the second consecutive quarter or a flat performance. Moreover, analysts predicted that its guidance for FY2024-25 would also lean towards conservatism.
Infosys Q3 Results 2024
IT major Infosys in January 2024 posted a fall of 7.3 per cent year-on-year in its net profit to Rs 6,106 crore for the third quarter ended December 2023 quarter. However, its revenues during October-December 2023 rose 1.3 per cent to Rs 38,821 crore, compared with Rs 38,318 crore a year ago.
Infosys’ net profit had stood at Rs 6,586 crore in the corresponding quarter last year.
