Country’s second-largest software firm Infosys on Thursday reported a marginal decline in its consolidated net profit at Rs 3,603 crore for the quarter ended March 31.
The IT major projected its next fiscal constant currency revenue guidance to 6.5-8.5 percent.In US dollar terms, revenue guidance forecasted at 6.1-8.1 percent.
Its consolidated revenues in the fourth quarter declined by 3.44 percent to Rs 17,120, the company said.For 2016-17, profit was up 6.4 percent at Rs 14,353 crore while revenues grew 9.7 percent to Rs 68,484 crore.
Infosys will also pay up to Rs 13,000 crore to shareholders during 2017-18 by way of dividend and/or share buyback. It has named Independent Director Ravi Venkatesan co-Chairman of the company.The board has recommended a final dividend of Rs 14.75 per share for 2016-17.