Infosys posts Rs 5,686 crore profit

by time news

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New Delhi: Infosys, the second largest software services company in India, today reported a net profit of Rs 5,686 crore for the fourth quarter.

The Bangalore-based company told the stock exchange on Wednesday:

Infosys had a revenue of Rs 32,276 crore in the fourth quarter of the current fiscal, 2021-22. The company had posted a net profit of Rs 26,311 crore in the year-ago period, an increase of 22.7 per cent over the same period last year.

Net profit rose 12 per cent to Rs 5,686 crore during the quarter, from Rs 5,076 crore in the year-ago period.

The company’s revenue growth rate for the current fiscal year 2022-23 is estimated at 13 to 15 percent.

For the full financial year 2021-22, the company’s net profit rose 14.3 per cent to Rs 22,110 crore and revenue grew 21 per cent to Rs 1,21,641 crore.

According to Infosys, the board of directors has recommended a final dividend of Rs 165 per share for the last financial year.

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