Infosys Ltd. on Friday reported net profit of ₹3,096 crore for second quarter (July-September) of the fiscal 2014-15, posting 28.6% year-on-year (YoY) growth and 7.3% sequentially.
In a regulatory filing to the Bombay Stock Exchange (BSE), the IT bellwether said consolidated revenue increased 2.9% YoY to ₹13,342 crore and 4.5% sequentially for the quarter (Q2) under review.
Under the International Financial Reporting Standard (IFRS), net income grew 6% YoY to $511 million and gross revenue 6.5% to $ 2.2 billion for the quarter.
Infosys Ltd. has retained annual revenue guidance for this fiscal (2014-15) at seven-nine per cent in dollar terms and 6.7-8.7% in rupee terms, as given in April at the beginning of the fiscal.
In a regulatory filing to the Bombay Stock Exchange (BSE) Friday, the IT bellwether said consolidated revenue is expected to growth 7-9% in dollar terms under the International Financial Reporting Standard (IFRS) and 6.7-8.7% in rupee terms for the fiscal (FY 2015-16) under review.
The global software major has discontinued giving quarterly guidance since a year.
Infosys declares 1:1 bonus shares to investors
Infosys Ltd. on Friday declared 1.1 bonus issue of equity shares to increase liquidity of its blue-chip stock and expand the retail shareholder base on the bourses.
In a regulatory filing on the Bombay Stock Exchange (BSE), the IT bellwether said it would give one bonus share for every share held by investors to increase the volume of shares (liquidity) in the stock market for trading and help in expanding the retail shareholder base.
"We are giving bonus shares after 15 years to our investors in India and 1:1 stock dividend of American Depositary Shares (ADS) to increase liquidity on the bourses and the retail shareholder base," Infosys chief financial officer Rajiv Bansal said.
The ₹5 per share of the blue scrip shot up 6.16% to ₹3,870 on the BSE within an hour of trading commencing Friday from opening rate of ₹3,685 and Thursday's closing rate of ₹3,645.55.
The global software major also declared an interim dividend of ₹30 per share for the first half (April-September) of this fiscal, which is six times (600%) the par value of its ₹5 per share.