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Infosys Q4FY18 profit falls 28% QoQ

Equitypandit_Infosys

Infosys Ltd, has posted a  28% sequential fall in net profit to Rs.3,690 crore in the Q4FY18.

Net profit came in at Rs.3,690 crore. The company reported revenue of Rs.18,083 crore for the quarter ended March, as against  Rs.17,794 crore reported in the December quarter. Infosys forecast its annual constant currency revenue for FY19 to grow by 6-8%.

Further, The company recommended a final dividend of Rs.20.50 per equity share for the financial year ended March 31, 2018 and special dividend of Rs.10 per equity share.

Read EquityPandit’s Technical Analysis of Infosys

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