Infosys Q4 results 2023 date, dividend, expectations

A final dividend for the fiscal year 2022-22 (FY22) is being considered by the main Information Technology (IT) behemoths, including Tata Consultancy Services or TCS, Infosys, and HCL Technologies. The companies will also report Infosys Q4 results for the fiscal year ending March 31, 2023. In an announcement to the National Stock Exchange (NSE) on April 1, 2023, Infosys said that the company would report results for the fourth quarter and fiscal year ended March 31, 2023, at 4 p.m. Indian Standard Time (IST) on April 13, 2023.

Infosys Q4 Results 2023

To discuss the firm’s financial results and future business prospects, the company will have analyst conference calls on April 13, 2023. On the National Stock Exchange of India, Infosys shares ended the day about 3 percent down at 1,838 each.

Infosys Q4 Results

Between January and March, information technology companies have been under intense pressure due to persistent FII selling due to pricey valuations and an unpredictable geopolitical environment. It compares to a decline of 5.46 percent in the benchmark Nifty and a plunge of more than 9 percent in the Nifty Information Technology Index so far this month.

During the third quarter, Infosys posted a consolidated net profit of 5,809, representing a 12 percent raise over the 5,197 crores earned in the same previous year. The company’s revenue from operations increased by 23 percent to 31,867 crores in the third quarter of this year. The business raised its sales projection for FY22 to 19.5 percent -20 percent, citing sequential growth of 7 percent in the third quarter as a driving force behind the increase.

Infosys Q4 Dividend 2023

A notice from HCL to the BSE has said that the company’s Board of Directors would meet on April 20 and 21, 2023, to examine the company’s audited financial statements for its fiscal year ended March 31, 2023, as well as the payment of an interim dividend for the fiscal year 2023.

“On April 21, 2023, the Board of Directors will discuss the financial performance and the interim dividend distribution.” The BSE has advised that the “Record Date” for calculating the entitlement of shareholders to the payment of the previous interim dividend would be April 29, 2023, subject to the approval of the interim dividend by the board of directors.”

Infosys Q4 Results Expectations 2023

Although the sector continues to recruit record numbers of new employees, analysts at ICICI Direct predict that margins will decline quarter on quarter. As a result, the expense of backfilling attrition (at higher prices) and the expenditures associated with retention, bonus, and compensation rationalization are projected to exert pressure on margins. ‘We anticipate a sequential fall in EBIT margins of 20-80 basis points for all information technology businesses,’ the research said.

For individual firms, TCS’s revenue growth trend is predicted to continue in Q4, although margins are expected to suffer due to greater human expenditures in the fourth quarter. Continuing improvement in demand from BFSI, healthcare, and retail, as well as acceleration in digital technologies and ramp-up of deals, are likely to propel TCS to a 3 percent quarter-on-quarter gain in constant currency.

On the other hand, Infosys is predicted to see a 3 percent quarter-on-quarter increase in constant currency, driven by growth in the financial services sector and retail, communication, energy, and manufacturing. IT services sales at Wipro are expected to expand at a constant currency rate of 3.5 percent from quarter to quarter in the current quarter.

About Infosys

Infosys Limited is a business consulting, information technology, and outsourcing services provider, an Indian multinational information technology firm based in Bangalore. Firm headquarters are in Bangalore. However, the company was established in Pune.

According to the Forbes Global 2000 list, Infosys will be the second-biggest Indian information technology business after Tata Consultancy Services in terms of revenue by 2020 and the 602nd largest public company in the world. When Infosys exceeded $100 billion in market valuation on August 24, 2022, it became the fourth Indian business.

With an initial capital of $250, Infosys was started by seven engineers in the Indian city of Pune, Maharashtra. The company was established on July 2, 1981, under Infosys Consultants Private Ltd. In 1983, the company moved its headquarters from New York to Bangalore, India.

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