INSUBCONTINENT EXCLUSIVE:
March quarter.
The IT major had reported a net profit of Rs 5,129 crore in the December quarter and Rs 3,603 crore in the same quarter last
March was the first full quarter for Infosys under its new CEO Salil Parekh
The IT firm has guided for 6-8 per cent constant currency revenue growth for FY19
It guided for 7-9 per cent revenue growth in dollar terms
Foreign brokerage Citi had anticipated Infosys to guide for 5.5-7.5 per cent revenue growth in constant currency terms and 6.5-8.5 per cent
in dollar terms.
Sales for the quarter rose 1.6 per cent QoQ to Rs 18,083 crore, the company said in a BSE filing
It was up 0.6 per cent sequentially in constant currency terms and 1.8 per cent in dollar terms
For 2017-18, revenue grew 7.2 per cent in dollar terms and 5.8 per cent in constant currency terms
and the dedication of our employees
technology landscape via AI and automation, Re-skilling our employees, and expanding our localisation in markets such as US, Europe, and
Infosys expects completion of the sale by March 2019 and accordingly, assets amounting to Rs 2,060 crore ($316 million) and liabilities
amounting to Rs 324 crore ($50 million) in respect of the disposal group have been reclassified and presented as "held for sale".
The
company has recognised an impairment loss of Rs 118 crore ($18 million) in respect to Panaya for the quarter
The corresponding writedown in the investment value of Panaya in the standalone financial statements of Infosys is Rs 589 crore ($90
operating margins during the quarter and fiscal 2018 were resilient due to unwavering focus on productivity and operational efficiency,
leading to a robust cash generation
During the year, the company implemented the capital allocation policy including the successful closure of $2 billion share buyback
