New Delhi, January 11
The country second largest IT firm, Infosys, today reported 29.62% decline in consolidated net profit at Rs 3,610 crore for December quarter as compared to Rs 5,129-crore profit in the corresponding quarter last year, the company said in a BSE filing.
Net sales for the quarter jumped 20.3% to Rs 21,400 crore. On a sequential basis, sales grew 3.8% in rupee terms. Sales were up 2.7% QoQ in constant currency terms.
The company announced a share buyback under open market route of Rs 8,260 crore at a maximum price of Rs 800 per share. It also announced a special dividend of Rs 4 per share.
The company revised its FY19 revenue guidance in constant currency terms to 8.5-9%. The guidance for operating margin is retained at 22-24%.
“With increased client relevance, we saw double-digit (10.1%) year-on-year growth in Q3 on a constant currency basis,” said Salil Parekh, CEO and MD. “We also had another strong quarter in our digital business with 33.1% growth and large deals at $1.57 billion which gives us confidence entering 2019”, he added. — Agencies