Infosys clocks revenues of Rs 62,441 cr

Infosys clocks revenues of Rs 62,441 cr in fiscal 2015-16

Bengaluru, June 18 (IANS) IT bellwether Infosys recorded revenues of Rs 62,441 crore in fiscal 2015-16 with an annual growth rate of 17.1 per cent, said Infosys Chairman R. Seshasayee at the 35th annual general meeting.

In dollar terms, recorded revenues were $9.5 billion with a growth rate of 9.1 per cent.

“In constant currency, our annual revenue grew 13.3 per cent in US dollar terms. The operating margin was 25 per cent compared to 25.9 per cent in fiscal 2015,” said Seshasayee highlighting that there was significant volatility in currency exchange rates.

Infosys recorded a net profit growth of 9.42 per cent in fiscal 2015-16 at Rs 13,491 crore compared to Rs 12,329 crore in 2014-15.

The Bengaluru-based company’s market capitalization also rose to Rs 2,79,837 crore from Rs 2,54,771 crore in fiscal 2014-15.

It paid an interim dividend of Rs 10 per share in October 2015 while the directors recommended a final dividend of Rs 14.25 per share for the year ending March 31, 2016.

“This represents 49.7 per cent of consolidated FY16 post tax profits and is in accordance with our stated dividend payout policy of up to 50 per cent of post tax profits,” said Seshasayee.

Further talking about the company’s performance in the last fiscal, the Chairman said it is an illustration of the opportunities and challenges facing the IT industry.

The Infosys board had reposed and reaffirmed its faith in the leadership of CEO Vishal Sikka and his executive team, considering it crucial to the achievement of the aspirations set by the company.

Seshasayee said 98.73 per cent of the shareholders have voted in favour of Sikka’s reappointment in the recently concluded postal ballot.

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