The nation’s second largest software program companies firm – Infosys – on Wednesday, April 14, 2021, reported an annual improve of 17 per cent in its web revenue at Rs 5,076 crore on the again of enormous contract wins because the COVID-19 pandemic drove digitisation efforts in a number of sectors. The Bengaluru-based firm had reported revenue of Rs 4,335 crore throughout the identical quarter final yr. However, on a sequential foundation its revenue registered a decline of two.32 per cent.
Infosys’ income from operations rose 12.5 per cent yearly to Rs 26,856 crore and on a sequential foundation income rose 1.2 per cent.
“I am very pleased with our performance this year and incredibly proud of our employees for the passion and commitment they displayed despite a very tough environment. We have crossed a milestone of Rs 100,000 crore in revenue in FY21. Our intense focus on client relevance, growing our digital portfolio with differentiated capabilities like Infosys CobaltTM, and empowering employees have helped us emerge as a preferred ‘partner-of-choice’ for our global clients. Our record large deal wins stand testimony to the effectiveness of this approach”, Salil Parekh, CEO and MD at Infosys stated in a press release.
Going forward, Infosys has guided for income development within the vary 12-14 per cent in fixed foreign money phrases whereas working margins are anticipated to be in vary of 22-24 per cent.
Infosys’ board of administrators authorized a share buyback proposal of Rs 9,200 crore and likewise authorized a last dividend of Rs 15 per fairness share.