Infosys Declares Dividends and Reports Strong Q4 Results
Dividend Announcement
Indian IT giant Infosys has declared an interim dividend of Rs. 34 per share and a final dividend of Rs. 20 per share, totaling Rs. 684,420. This dividend distribution will be made to shareholders on the record date announced by the company.
Q4 Financial Performance
Revenue and Profits
Infosys reported strong financial performance for the fourth quarter (Q4) of fiscal year 2024. The company's net profit surged by 30% year-on-year to Rs. 7,969 crores. Revenue also witnessed a healthy growth of 19.6% to Rs. 38,318 crores.
Free Cash Flow
Infosys' free cash flow reached its highest level in the last 11 quarters, standing at Rs. 848 crores. This robust cash flow generation reflects the company's commitment to financial discipline and its ability to monetize its services effectively.
Growth Drivers
The company attributed its strong performance to continued demand for digital transformation services and its focus on cloud, data analytics, and cyber security. Infosys' broad portfolio of offerings and its focus on building partnerships with key clients have also contributed to its growth trajectory.
Outlook
Infosys remains optimistic about the future. The company believes that the demand for its services will continue to grow as more businesses embrace digital technologies. Infosys is well-positioned to capitalize on this growth by leveraging its expertise and innovation capabilities.
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