Infosys, the renowned IT giant, disclosed a remarkable surge in its consolidated profit, which skyrocketed by 30 percent to reach Rs 7,969 crore in the final quarter concluding March 2024. This substantial leap marks a significant advancement compared to the Rs 6,128 crore profit registered during the corresponding period the previous year, as outlined in a regulatory filing.
In tandem with the profit surge, Infosys also witnessed a commendable uptick in its consolidated revenue during the reported quarter, edging up by 1.3 percent to Rs 37,923 crore from Rs 37,441 crore in the comparable quarter of the preceding year.
Looking ahead, the company remains optimistic, forecasting a revenue growth ranging between 1 to 3 percent in constant currency for the fiscal year 2025.
Reflecting on the financial year culminating in March 2024, Infosys demonstrated a sturdy performance, with net profit ascending by 8.9 percent to Rs 26,233 crore from the previous fiscal year's Rs 24,095 crore.
Furthermore, the annual income from operations exhibited a robust rise, ascending by 4.7 percent to Rs 1,53,670 crore in the fiscal year 2024 compared to Rs 1,46,767 crore recorded in the preceding year.
In a bid to enhance shareholder value, Infosys' board has recommended a final dividend of Rs 20 per equity share for FY24, coupled with an additional special dividend of Rs 8 per equity share.
On another strategic front, Infosys unveiled its intent to acquire a full stake, amounting to 100 percent, in the German company in-tech, through an all-cash transaction valued at 450 million euros. This strategic move underlines Infosys' commitment to fortify its global presence and leverage synergies for sustained growth and innovation
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