Infosys Q4 FY23 Results: Reports consolidated Profit of Rs 6,128 cr, declares dividend of Rs 17.5 per Share
Infosys Quarter 4th year-on-year growth was 8.8% and the sequential decline was 3.2% in constant currency terms, it said.
New Delhi: India's Top IT service provider, Infosys Ltd. on April 13 declared the financial result for the fourth quarter of FY23. The company mentioned $18.2 billion in FY23 revenues with industry-leading growth of 15.4% in constant currency and operating margins of 21.0%. Growth was broad-based across industry verticals and geographical regions. Digital comprised 62.2% of overall revenues and grew at 25.6% in constant currency.
Infosys Quarter 4th year-on-year growth was 8.8% and the sequential decline was 3.2% in constant currency terms, it said.
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In a statement, the company's CEO and MD, Salil Parekh said, “Our strong performance in FY23 is a testimony to the continued focus on digital, cloud and automation capabilities which resonated with our clients. We have launched exciting programs with our clients leveraging generative AI platforms".
“As the environment has changed, we see strong interest from our clients for efficiency, cost and consolidation opportunities, resulting in a strong large deal pipeline. We have expanded our internal program on efficiency and cost to build a path to higher margins in the medium term. We continue to invest in our people and in supporting our clients”, he added.
Read Also : NCL to Raise Yoga Awareness Among 25,000 People in Massive CampaignAlso, the Board has recommended a final dividend of Rs 17.50 per share for FY23. Together with the interim dividend of Rs 16.50 per share already paid, the total dividend per share for FY23 will amount to Rs 34.00 which is a 9.7% increase over FY22. With this, the company has announced a total dividend of approx. Rs 14,200 crore for FY23.
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