New Delhi: India's second-largest IT services company Infosys on Friday said its consolidated net profit declined by 2.2 per cent to Rs 4,019 crore for the July-September 2019 quarter.
This is against a net profit of Rs 4,110 crore in the same period last fiscal, Infosys said in a regulatory filing.
The Bengaluru-based company saw its revenues rise 9.8 per cent to Rs 22,629 crore in the quarter under review from Rs 20,609 crore in the year-ago period.
Infosys also raised the lower-end of its FY20 revenue guidance and the revised forecast now stands at 9-10 per cent growth in constant currency terms.
Previously, Infosys had said it expects its topline to grow by 8.5-10 per cent for FY20.
"Our performance was robust on multiple dimensions – revenue growth, digital growth, operating margins, operational efficiencies, large deal signings and reduction in attrition," Infosys CEO and MD Salil Parekh said.
All these are clear signs that the company is progressing well in its journey of client-centricity and maximising value for its stakeholders, he added.
Rs 8 Interim Dividend
"The board of directors has recommended an interim dividend of Rs 8 per share or 160 per cent of its Rs 5 face value," it said in a regulatory filing on the BSE.
Infosys gave Rs 7 per share or 140 per cent interim divided a year ago for the first half of fiscal 2018-19.
The move will benefit more than nine lakh shareholders who hold around 430 crore shares.
At the end of Friday's trading on the BSE, the company's scrip gained Rs 32.80 per share.
The scrip touched a high of Rs 823.95, a low of Rs 777 during the intra-day trading session and closed at 815.
Tata Consultancy Services Q2 Results
Country's largest IT services firm Tata Consultancy Services (TCS) on Thursday reported a 1.8 per cent rise in consolidated net profit at Rs 8,042 crore for the quarter ended September 30, 2019.
It had posted a net profit of Rs 7,901 crore in the year-ago period, TCS said in a BSE filing.
TCS also said its Board has declared a second interim dividend of Rs 5 and a special dividend of Rs 40 per equity share of Re 1 each of the company.
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