Infosys Q2 net profit rises 11% to Rs 6,021 cr, raises its FY23 guidance

Infosys, in the course of declaring its results for July-September 2022 on Thursday, raised its revenue guidance for FY23 to 15-16 per cent from the 14-16 per cent earlier. The company also announced a buyback of shares worth Rs 9,300 crore.

The board has fixed the buyback price at Rs 1,850 per share, which is a premium of 30 per cent over Thursday’s closing price of Rs 1,419.7. The firm’s board has approved an interim dividend of Rs 16.50 per share.

Nilanjan Roy, chief financial officer, said: “This is an open market offer. Hence it’s limited to 15 per cent of the share capital and reserves.”