INSUBCONTINENT EXCLUSIVE:
refrained from providing guidance in light of the coronavirus outbreak.
The company reported consolidated profit for the March quarter at Rs
4,321 crore compared with Rs 4,074 crore in the same quarter last year
Covid-19, the company is unable to provide guidance on revenues and margins for FY 21 at this stage
continued slowdown in the near term influenced by a broad-based global economic recession
With some impact due to project deferrals and softening of discretionary spends, there will be some margin pressure in the near term, it
of Covid-19 since the last few weeks of March has led to significant displacement in the operating model while severely testing business
continuity plans of companies.
Surge in digital revenuesDigital revenues, which make for 41.9 per cent of the total revenues came in at
$1,341 million for the quarter ended March 31, a year-on-year (YoY) increase of 31.7 per cent and sequential growth of 2.6 per cent in
constant currency.
Operating profit risesOperating profit came in at Rs 4,927 crore, an increase of 6.7 per cent YoY and fall of 2.7 per
Operating margin was 21.2 per cent.
HR updateOver 93 per cent of its workforce is enabled to work from home, in countries still under
The company said it intends to not only nurture its vast pool of digital talent, but also honor the job offers it has extended to the
markets, in order to enhance the skill-sets it can bring to recovery-focused client environments.
New independent directorThe board
appointed entrepreneur Uri Levine as an independent director effective Monday, for a period of three years
On the other hand, D N Prahlad, independent Director stepped down from the board to devote more time for his other business commitments
He has been on the board since 2016.
Bonanza to shareholders: The board announced a final dividend of Rs 9.50 per share.
