Infosys is a global consulting and IT services company listed on New York Stock Exchange and first Indian company to be listed on NASDAQ. It provides the services such as consulting, business, outsourcing, and technology services across around 50 countries. Its one of the most successful products is Financial, an integrated banking system that is used globally. Infosys has been the second-largest IT services company of India by 2016 revenues.
On Aril 13, 2017, Infosys announced its results for the quarter-4 and the year ended in March 31, 2017. According to the announced result, it has crossed the revenues at $10,208 million this fiscal year but the stocks fell by 2%.
The CEO of Infosys said, “Unanticipated execution challenges and distractions in a seasonally soft quarter affected our overall performance.”
For Financial year 2017, it announced a final dividend of Rs.14.75 per share amounting to Rs. 4,078 crore. After including the interim dividend of Rs.11 per share, the aggregate dividend for Financial Year 2017 amounts to Rs. 25.75 per share resulting in total payout of Rs. 7,119 crore. The total payout amounts to 49.6% of post-tax profits and 63.0% of free cash flow for Financial Year 2017.
Q4 revenues declined by 0.9% QoQ in INR terms and flat in constant currency terms. Net profit was Rs. 14,353 crore for the year ended in March 31, 2017 with growth of 6.4% in YoY and Rs. 3,603 crore for the quarter ended in March31, 2017 with decline of 2.8% in QoQ and growth of 0.2% in YoY. The revenues grew 9.7% to Rs. 68,484 crore in INR terms and 8.3% in constant currency terms.
The Company’s consolidated outlook for the fiscal year ending March 31, 2018, under IFRS claims the revenue to be grew at 6.5%-8.5% in constant currency terms and 2.5%-4.5% in INR terms.
“Attrition declined during the quarter reflecting our focus on better employee engagement. Utilization during Q4 reached 82% which is the highest in Q4 over the past several years”, said U. B. Pravin Rao, COO.
The company has assured to continue driving the new value for clients, helping them to find new kinds of opportunities, leveraging data in new ways, driving measurable improvements in operational efficiencies through automation and capturing the insights and knowledge of complex systems in new software and services.