News Karnataka
Friday, March 01 2024
Business News

Infosys posts Rs 6,021 crore PAT, announces buyback of shares

Infosys posts Rs 6,021 crore PAT, announces buyback of shares
Photo Credit : IANS

Bengaluru: Software major Infosys Ltd on Thursday said it closed the second quarter of FY23 with a higher consolidated net profit of Rs 6,021 crore.

Approving the accounts, the company Board declared an interim dividend of Rs 16.50 per share.

According to Infosys, it had posted consolidated revenue of Rs 36,538 crore for the period ended September 30, 2022 (Rs29,602 crore -Q2FY22) and a net profit of Rs 6,021 crore (Rs 5,421 crore).

“Our strong large deal wins and steady all-round growth in Q2 reflect the deep relevance and differentiation of our digital and cloud solutions for clients as they navigate their business transformation,” CEO and MD Salil Parekh was quoted as saying in a statement.

“While concerns around the economic outlook persist, our demand pipeline is strong as clients remain confident in our ability to deliver the value they seek, both on the growth and efficiency of their businesses. This is reflected in our revised revenue guidance of 15-16 per cent for FY 23,” he added.

“In line with the capital allocation policy, the Board has announced an interim dividend of Rs 16.50 per share, an increase of 10 per cent over FY 22 interim dividend and an open market share buyback of Rs 9,300 crore,” Chief Financial Officer Nilanjan Roy said.

Read more:

Chennai Super Kings posts Rs 32.12 crore profit for FY22

Mysuru: SWR Division records profit of Rs 352 Crore

Indian Bank Q1 net profit at Rs 1,213 crore

TCS posts Rs 9,478 cr profit, interim dividend of Rs 8

Bharti Airtel revenue up 22% YoY, net profit 165% in Q4

Share this:
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

To get the latest news on WhatsApp