Q4 results: Infosys in repair and renovate mode under new CEO Salil Parekh

Focus on digital theme to weigh on margins in FY19, while shareholders to get Rs 130 bn bounty

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Infosys’ March 2018 quarter (Q4) numbers were in line with expectations. In dollar terms, the IT major’s top line was up 1.8 per cent sequentially (9.2 per cent year-on-year, or y-o-y). Revenue in constant currency terms was up 0.6 per cent sequentially (6.4 per cent y-o-y).

The 24.7 per cent operating profit margin, which was 30 basis points (bps) more than expectation, came as a surprise. Net profit, however, was weighed down by write-offs of Rs 1.18 billion, pertaining to earlier acquisitions, which are now on the block. It grew 2.4 per cent y-o-y to Rs 36.9 billion …

Source business-standard.com
Via business-standard.com

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