Infosys Q4 net rises 17.5% on large deals
The Hindu
Firm forecasts 12-14% revenue growth for FY22; board gives nod for ₹9,200-cr. buy-back
Infosys Ltd. on Wednesday reported fourth-quarter profit rose 17.5% from a year earlier to ₹5,076 crore, helped by large deal wins and a pandemic-induced acceleration in digital adoption. The software services firm also said it expects revenue in the current fiscal to grow by 12% to 14% and provided guidance for an operating margin of 22% to 24%. “A strong momentum exiting FY21, alongside a focussed strategy to accelerate client digital journeys, gives us confidence for a stronger FY22,” said CEO and MD Salil Parekh. Revenue in the three months ended March increased 13.1% to ₹26,311 crore. Full-year revenue rose 10.7% to ₹1,00,472 crore while net profit climbed 16.6% to ₹19,351 crore.
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