logo
  

Infosys Board Recommends Capital Return Of $2.08 Bln, Including Dividend And Share Buyback

Infosys Ltd (INFY) said that its board has recommended capital return of 15,600 crore Indian rupees or about $2.08 billion including final dividend of 6,400 crore rupees or about $0.85 billion and open market buyback of shares of 9,200 crore rupees or about $1.23 billion.

Looking ahead for fiscal year 2022, the company expects operating margin to be 22%-24%, and revenue growth of 12%-14% in constant currency.

The board approved buyback of equity shares amounting to 9,200 crore rupees at a price not exceeding 1,750 rupees per share or $23.3 per ADS.

The board has recommended a final dividend of 15 rupees per share or $0.20 per ADS. Together with the interim dividend of 12 rupees per share already paid, the total dividend per share for fiscal year 2021 will amount to 27 rupees per share or $0.36 per ADS which is a 54% increase over fiscal year 2020.

Infosys reportedly said it will hire 26,000 people from India and overseas in fiscal year 2022.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Google has revoked its three-year ban on cryptocurrency-related ads on its sites under the search giants' new ad services policy. This action will now allow cryptocurrency exchanges and wallets certified by Google to advertise their products and services on Google's network, beginning August 3, 2021. The UK's competition regulator said Friday that it has secured commitments from Google to address concerns about the tech giant's proposal to remove third-party cookies from Chrome browser. Archer Aviation, a developer of electric vertical take-off and landing or eVTOL aircraft, unveiled its autonomous electric two-seater aircraft, named "Maker", marking a milestone towards its commercial launch. The California-based air mobility company, which has already received orders from United Airlines, will use its inaugural aircraft prototype for testing as it works towards certification.
Follow RTT