Infosys net profit at ₹4321 crore in Q4, announces dividend of ₹9.5/share

Infosys today reported a net profit of ₹4,321 crore for the quarter ended March 31, 2020, up 6.1% year on year but as compared to the previous quarter, it dipped 3.1%. Its revenues grew to ₹23,267 crore, a growth of 8.0% year on year and 0.8% quarter on quarter. It reported operating margin of 21.2% during the quarter. Infosys refrained from giving guidance for FY21, citing coronavirus-related uncertainty.

“Considering the business uncertainty emanating from COVID-19, the company is unable to provide guidance on revenues and margins for FY 21 at this stage. The company will provide guidance after visibility improves,” it said.

“I am proud of the Infosys team that has worked exceptionally well to achieve 93% remote working today and ensuring consistent service delivery for our clients in this rapidly changing environment.