Infosys Aims To Become $20 Bn Company By 2020

Infosys also said it has entered into an agreement for an early state investment of $2 million in Airviz to acquire minority stake.

Airviz is a personal air quality monitoring start-up and spinout from Carnegie Mellon University.

Infosys recently completed the acquisition of Panaya, a provider of automation technology.

According to the company, its liquid assets stood at 32,585 crore as on March 31, 2015 as compared to 34,873 crore as on December 31, 2014 and 30,251 crore as on March 31, 2014.

The company board that met near here on Friday recommended a bonus issue of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held as on a record date to be determined.

The Board recommended a final dividend of 29.50 share per share for fiscal 2015 (equivalent to 14.75 per share after 1:1 bonus issue).

The board decided to hike the dividend pay-out ratio to up to 50 percent of post tax profits effective from fiscal 2015 -- from 40 percent.

During the year, the gross employee additions were over 50,000 while the quarterly annualized attrition declined to 13.4 percent.

"Services growth in the fourth quarter was lower than we expected though we saw healthy growth in Financle and our Edge suite.

Pricing continues to be under pressure due to increasing commoditisation in the traditional outsourcing business, requiring us to ramp up productivity through automation and enhance our differentiation in large engagements," U.B. Pravin Rao, chief operating officer was quoted as saying in the statement.

Meanwhile investors gave a thumbs down for the company stock. The scrip after opening at 2,135 at the NSE closed at 1,995.20 down from 2,122 the closing price.
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