Infosys to pay Rs 13,000 crore to shareholders through dividend, sharebuyback

13 Apr 2017 Evaluate

Infosys has decided to pay up to Rs 13,000 crore to shareholders during the current financial year through dividend or share buyback. The board announced dividend of Rs 14.75 per share. Further, the company expects its 2017-18 revenue to grow between 6.1% and 8.1% in dollar terms and 6.5-8.5% in constant currency terms.

Infosys has reported marginal rise of 0.17 percent in its consolidated net profit at Rs 3603 crore for the quarter ended March 31, 2017 as compared to Rs 3597 crore for the corresponding quarter in the FY16. Total consolidated income of the company rose 3.14 percent at Rs 17866 crore for quarter under review as compared to Rs 17322 crore for the same quarter ended previous year.

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