By Kosaku Narioka
Infosys Ltd. on Monday reported results for the three months ended March. Here is what you need to know.
NET PROFIT: Fourth-quarter net profit was 43.21 billion rupees ($564.3 million), up from INR40.74 billion a year earlier and beating the INR42.87 billion expected in a poll of analysts by Visible Alpha.
REVENUE: Total income rose 7.6% from a year earlier to INR238.81 billion.
WHAT WE WATCHED:
--SEGMENT: Various segments posted higher profit, including biggest client groups such as financial services and retail. Segment profit rose 8.3% for financial services, 4.0% for retail business and 35% for the energy and utilities sector.
--OUTLOOK: Infosys didn't provide guidance on revenue and margins for the current fiscal year, citing uncertainty due to the coronavirus outbreak. Chief Executive Salil Parekh said Infosys faces challenges in the immediate short term but he is confident the company would emerge stronger from the pandemic.
--STABILITY: Chief Financial Officer Nilanjan Roy said the company's $3.6 billion in cash and cost cuts will help ensure its liquidity and the final dividend of INR9.50 a share demonstrates its strong free cash flow performance for the past year.
Write to Kosaku Narioka at email@example.com