MUMBAI: Information technology giant Infosys today reported a 2.6 per cent on quarter fall in its consolidated net profit to Rs 5,078 crore for the quarter ended March, which was lower than analysts’ estimate of Rs 5,170.2 crore.
The company reported a 2.8 per cent quarter-on-quarter growth in consolidated revenues for the quarter to Rs 26,311 crore, slightly lower than analysts’ estimate of Rs 26,701.8 crore.
The Bengaluru-based company also guided for 12-14 per cent sales growth in constant currency terms in 2021-22 and an operating margin band of 22-24 per cent.
Infosys also approved a share buyback plan worth Rs 9,200 crore. The company said it will buyback shares from shareholders at Rs 1,750, a premium of 25 per cent to Tuesday’s closing price. The company also announced a final dividend of Rs 15 per share.
