Infosys reports 12% rise in profit at Rs 5,686 crore

New Delhi: India’s second largest software services firm Infosys on Wednesday reported a 12% year-on-year rise in its consolidated net profit at Rs 5,686 crore for the fourth quarter ended March (Q4) as against Rs 5,076 crore which was the figure a year ago.

Revenue rose nearly 23% to Rs 32,276 crore in Q4FY22 as against Rs 26,311 crore in Q4FY21. On Wednesday, the company’s scrip on BSE closed 0.4% higher at Rs 1,748.65.

The company said its board recommended a final dividend of Rs 16 per equity share for the financial year ended March 31, 2022.

“Together with the interim dividend of Rs 15 per share already paid, the total dividend per share for FY22 will amount to Rs 31, which is a 14.8% increase over FY21. With this, the company has announced total dividend of approximately Rs 13,000 crore for FY22,” said the Bengaluruheadquartered IT firm.

“Infosys delivered highest annual growth in a decade with broad-based performance driven by deeply differentiated digital and Infosys Cobalt led cloud capabilities, powered by ‘One Infosys’ approach. We continue to gain market share as a result of sustained clients’ confidence in our ability to successfully navigate their digital journeys”, said Salil Parekh, CEO and MD, Infosys.

On sequential basis, the net profit declined 2.1% while revenue rose 1.3%. The company said it sees FY23 revenue growth of 13%-15% in constant currency and operating margin of 21%-23% in FY23.

“Growth was broadbased, supported by continued momentum in large deal wins with TCV of $9.5 billion in FY23. EPS grew by 15.2% in rupee terms. Q4 sequential growth was 1.2% in constant currency with operating margin of 21.5%. TCV of large deal wins was $2.3 billion in Q4,” said Infosys in a stock exchange filing.

The company an - nounced gross addition of 110 clients in March quarter as compared to 130 additions in the yearago period. It saw voluntary attrition of 27.7% in Q4FY22 as against 10.9% in Q4FY21. The Indian software behemoth Infosys Ltd also said on Wednesday it is moving its business out of Russia and is pursuing alternate options against the backdrop of the Ukraine conflict. Several other global IT and software players including Oracle Corp and SAP SE have either suspended or paused all operations in Russia. (PTI)