Infosys Reports Consecutive Quarterly Growth and Increase in Dividend

Infosys (NYSE:INFY), AI-powered business intelligence company announced its quarterly results ending March 31, 2019. The company reported an increased dividend to 4.5 percent during the quarter as cash generation increased. In addition, a number of new client deals were signed including Kraft Heinz, Siemens Gamesa Renewable Energy and Citizens Energy Group.

As quoted in the press release:

“We had another quarter of over $1.5 bn large deal TCV in Q4, as a result of which FY 19 TCV doubled over FY 18. Realization per billed employee was steady which reflects increasing usage of automation in core services and faster growth in newer digital services,” said Pravin Rao, COO. “Overall attrition remains high and we are continuing our focus on arresting the same.”

“Cash generation in FY 19 was strong and Dividend Per Share increased by 4.5%. During the quarter, we completed the payout of special dividend in January and initiated the share buyback program,” said Nilanjan Roy, CFO. “We had another quarter of forex gains thanks to our proactive hedging strategy.”

Click here to read the full press release.