Infosys net up 6.1% in 2nd quarter

Infosys

Global software major Infosys Ltd on Friday reported a Rs 3,606 crore consolidated net profit for the second quarter (July-September) of fiscal 2016-17, registering 6.1 per cent year-on-year (YoY) growth.

In a regulatory filing to the stock exchanges, the IT major said consolidated revenue for the quarter (Q2) under review increased 10.7 per cent YoY to Rs 17,310 crore.

In dollar terms, consolidated net income grew 3.8 per cent YoY to $539 million and consolidated gross revenue 8.2 per cent YoY to $2,587 million ($2.6 billion) under the International Financial Reporting Standard.

Infosys Ltd on Friday declared an interim dividend of a whopping 220 per cent or Rs 11 per share of Rs 5 face value for the first six months (April-September) of this fiscal (2016-17).

“The board of directors declared an interim dividend of Rs 11 per share. The record date for the interim dividend is October 24 and the payment will be made on October 26,” said the IT major in a regulatory filing to the stock exchanges.

In contrast, the company paid Rs 10 per share (200 per cent) interim dividend for the same period of last fiscal (2015-16).

IANS