Infosys Posts 10.5pc Increase In Q4 Profit

IT major Infosys Limited, on Friday after market hours, released its earnings results.  The company reported a 10.5pc increase in consolidated profit at Rs4,078-Crore for the Jan-March-2019 quarter on a Y-o-Y basis. 

The Company had posted a profit of Rs3,690-Crore in the same quarter a year ago.

Sales for the quarter mounted 19.1pc from Rs.18,083-crore in the Q4 of the previous year. The operating profit was up by 3.3pc at Rs4,618-Crore on Y-o-Y basis, but down 4.4pc on Q-o-Q basis.

A final dividend of Rs10.50per equity share for the FY ended March 31, 2019, has been recommended by the board of Infosys.

Shares of Infosys Ltd closed in Friday’s session higher by 0.71% at Rs.748 per share on the NSE.