Tech giant Infosys posted its results for Q4 FY22 after the market closed on April 13, 2022.
The company reported a 12.1% YoY jump in its PAT to Rs 5,695 crore from Rs 5,078 crore in the year-ago period. On a sequential basis, Infosys’ PAT dropped by 2.18% to Rs 5,695 crore from Rs 5,822 crore in Q3 FY22. The company’s revenue from operations increased by 22.6% YoY to Rs 32,276 crore from Rs 26,311 crore in the same period last year. However, the revenue from operations was down marginally on a sequential basis.
Infosys reported the highest annual growth in a decade on account of differentiated cloud services and large deal momentum. During the March quarter, the company reported new deals worth $2.3 billion while the TCV of the deals in this financial year was $9.5 billion.
The company’s total income was up 22.5% YoY to Rs 32,913 crore from Rs 26,856 crore in the year-ago period, while the total income was up by 1.6% QoQ from Rs 32,379.
The quarter under review saw Infosys’ cost of software packages doubling, resulting in the company’s total expenses increasing by 27.3% on a YoY basis.
Infosys declared a final dividend of Rs 16 per share. Together with an interim dividend of Rs 15 per share that has already been paid, the company’s total dividend payout for FY22 will be Rs 31 per share. It was higher by 14.8% compared to the previous year.
In what continues to pinch the IT industry, attrition sees no abating. Infosys’ attrition rate for Q4 FY22 rose to 27.7% against 25.5% in the previous quarter and 10.9% in the year-ago period.
For FY 22-23, Infosys has given a revenue growth guidance of 13-15% in constant currency terms while the guidance for operating margin for the year has been given at 21-23%.
Salil Parekh, CEO and MD, Infosys, said that Infosys annual growth and performance are driven by deeply differentiated digital and Infosys Cobalt led cloud capabilities, powered by ‘One Infosys’ approach.
According to the management, the company continues to gain market share as a result of sustained clients’ confidence. With the acceleration of digital disruptions across industries, the company see immense potential to scale and accelerate digital capabilities to capitalize on the expanding market opportunities.
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Research Analyst: Bavadharini KS