Top 10 IT Companies Announce Their Financial Results
Impressive Q4 Performances Drive Growth
Infosys Posts Strong Results, Declares Dividend
Several leading IT companies in India have released their financial results for the quarter ending March 2023, showcasing impressive growth and profitability. Infosys Ltd., a global technology leader, has reported a robust performance with a notable increase in revenue and net profit.
Infosys reported a 30% growth in its net profit for Q4, reaching ₹7,969 crores. This marks a significant improvement from the previous year's corresponding quarter, when the company recorded a net profit of ₹6,128 crores. The company's revenue for the quarter stood at ₹37,923 crores, showing a moderate increase of 1% compared to the previous year's ₹37,441 crores. Despite the slight revenue growth, Infosys's strong cost optimization measures led to improved profitability.
The company's board of directors has recommended a final dividend of ₹20 per share for the fiscal year 2023-24, along with a special dividend of ₹8 per share. This brings the total dividend payout for the year to ₹28 per share, reflecting the company's commitment to rewarding its shareholders.
Infosys's strong performance in Q4 and its optimistic outlook for the future contributed to the company's emergence as the tenth largest IT company in India by market capitalization. The company's robust financial results and consistent growth trajectory are expected to drive further gains in the Indian IT sector, solidifying India's position as a global hub for technology services.
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