Infosys Q4 Results: Profit Falls, Margin Narrows.

Infosys Q4 Results: Profit Falls, Margin Narrows.

Infosys Ltd.’s quarterly profit declined as the Covid-19 pandemic stalled economic activities and disrupted global trade. Net profit fell 2.9 percent sequentially to Rs 4,335 crore in the quarter ended March, according to an exchange filing. The consensus estimate of analysts tracked by Bloomberg had pegged the bottom line at Rs 4,267 crore.

Revenue rose 0.8 percent quarter-on-quarter to Rs 23,267 crore—slightly lower than the Rs 23,460 crore-estimate. Revenue in dollar terms fell 1.4 percent to $3,197 million. Operating profit fell 2.7 percent to Rs 4,927 crore. Margin narrowed 70 basis points to 21.2 percent. Infosys has also temporarily suspended giving a revenue and margin guidance in the wake of the uncertainty from the Covid-19

With the novel coronavirus outbreak shutting businesses across the world, software services firms like Infosys faced disruptions as they generate most of their business overseas and the bulk of it comes from clients in financial services, manufacturing and communications sectors. “While the immediate short term will be challenging, looking ahead, we can see that there is a strong interest to cons Infosys has also temporarily suspended giving a revenue and margin guidance in the wake of the uncertainty from the Covid-19

Infosys won large deals worth $1.65 billion in Q4, compared with $1.8 billion in Q3. Revenue from digital services now forms 41.9 percent of the top line. Infosys announced a final dividend of Rs 9.5 per share

Revenue rose 0.8 percent quarter-on-quarter to Rs 23,267 crore—slightly lower than the Rs 23,460 crore-estimate.

Rohith Kukkadapu

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