Infosys Growing Less than Industry Average

Bangalore: The Infosys reported net profit of 2,316 crore (23.16 billion) for the fourth quarter (January-March) of fiscal 2011-12, registering 27.4 percent year-on-year (YoY) growth, but 2.4 percent lower sequentially.

In a regulatory filing Friday, the IT bellwether said its consolidated revenue for the quarter under review (Q4) grew 22.1 percent YoY to 8,852 crore  from 7,250 crore but declined 4.8 percent sequentially.

Under the International Financial Reporting Standards (IFRS), net income grew 15.2 percent YoY to $463 million and consolidated revenue by 10.5 percent YoY to $1.77 billion for the last quarter of fiscal 2012.

Infosys declares 440 percent final dividend

IT giant Infosys declared a final dividend of 22 per share for fiscal 2011-12, which is 440 percent over its par value of 5 per share. In a regulatory filing, the IT bellwether said its board of directors had also recommended a special dividend of 10 per share or 200 percent for its back office operations (business process outsourcing) completing 10 years.

Earlier, the blue chip company gave an interim dividend of 15 per share or 300 percent in October 2011 for the first half (April-Sept) of fiscal 2012. As a result, total dividend for the fiscal under review (2011-12) is 37 per share or 740 percent. With a special dividend of 10 or 200 percent, the overall payout for each investor will be a whopping 47 per share of 5 on par or 940 percent. The company's scrip was quoting at 2,498 on the Bombay Stock Exchange in the early hours of trading as against Wednesday's closing rate of 2,750 and opening rate of 2,540.