Infosys reported a net profit of Rs 3,612 crore in the June 2018 quarter,
missing the market estimates.
This is a 2.1% decline as compared to the March quarter but a growth of 3.7% when compared to the year-ago period.
Analysts had expected Infosys to post a net profit of Rs 3,740 crore
Infosys board approved a bonus issue of one equity share for every equity share held and stock dividend of American Depositary Shares in the ratio 1:1.
The operating margin of Infosys in the June quarter contracted to 23.7% sequentially
Infosys also recorded a reduction in the fair value amounting to Rs 270 crore in respect of the Panaya business, the company said in a statement.
The Bengaluru-headquartered company’s revenue from operations rose to Rs 19,128 crore, up 12% on a year-on-year basis and 5.8% on sequential basis.
In closely tracked dollar terms, Infosys reported revenues of $2,831 million for the quarter ended June 30, 2018, a year-on-year growth of 6.8% and 0.9% sequentially.
This is a 2.1% decline as compared to the March quarter but a growth of 3.7% when compared to the year-ago period.
Analysts had expected Infosys to post a net profit of Rs 3,740 crore
Infosys board approved a bonus issue of one equity share for every equity share held and stock dividend of American Depositary Shares in the ratio 1:1.
The operating margin of Infosys in the June quarter contracted to 23.7% sequentially
Infosys also recorded a reduction in the fair value amounting to Rs 270 crore in respect of the Panaya business, the company said in a statement.
The Bengaluru-headquartered company’s revenue from operations rose to Rs 19,128 crore, up 12% on a year-on-year basis and 5.8% on sequential basis.
In closely tracked dollar terms, Infosys reported revenues of $2,831 million for the quarter ended June 30, 2018, a year-on-year growth of 6.8% and 0.9% sequentially.
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