Infosys announces dividend of Rs 10.50 per share

Infosys, country’s second-largest IT major, on Friday recommended a final dividend of Rs 10.50 per share for the financial year ended March 31.

The company reported 10.51 per cent year-on-year rise in consolidated profit at Rs 4,078 crore for March quarter under review against Rs 3,690 crore last year. Bottomline jumped 12.96 per cent on a quarter-on-quarter basis.

Total revenue increased 19.11 per cent YoY to Rs 21,539 crore in Q4FY19 against Rs 18083 crore in Q4FY18.


The diviend payment is subject to the approval of the shareholders in the ensuing Annual General Meeting which is scheduled to be held on June 22, 2019.

“We have completed the first year of our transformation journey with strong results on multiple dimensions including revenue growth, performance of our digital portfolio, large deal wins, and client metrics. This is a reflection of our increased client relevance stemming from our focus on digital, positioning, and long standing client relationships,” said Salil Parekh, CEO and MD, Infosys.

“Our planned investments have started yielding benefits. As we look ahead into fiscal 2020, we plan to deploy various measures of operational efficiencies across the business,” he added.

For the financial year 2019-20, the company gave revenue guidance in the range of 7.5-9.5 per cent in constant currency, while operating margin guidance stood in the range of 21-23 per cent.