New Delhi: Infosys Technologies has reported a net profit of Rs1,249 crore for the fourth quarter ended March 2008 as per Indian GAAP. This translates into an increase of 9.2% year-on-year basis.
Income for the recently concluded quarter stood at Rs4,542 crore, an increase of 20.4% y-o-y. The IT bell-weather registered an Earnings Per Share (EPS) of Rs21.83 as against Rs20.3 in the corresponding quarter of the last fiscal.
For the full year ended March 31, consolidated income stood at Rs16,692 crore while it earned a net profit of Rs4,659 crore. Both consolidated income and net profit were higher by 20.4% and 20.8% respectively on y-o-y basis.
However, the Q4 and FY08 PAT includes a reversal of tax provisions amounting to Rs20 crore and Rs121 crore respectively. Infosys and its subsidiaries added 40 new clients and 2,586 employees during the quarter.
“The pricing environment remained stable during the quarter. We continue to see greater growth opportunities in Europe,” said S.D. Shibulal, Chief Operating Officer, Infosys Technologies.
The company declared a final dividend of Rs 7.25 on shares of Rs 5 each (145 per cent) and a special dividend of Rs 20 per share (400 per cent on an equity share of face value of Rs 5). Including the interim dividend, the total divided recommended for the year is Rs33.25.
Going forward, Infosys has decided to increase the dividend pay-out ratio to up to 30 per cent of net profits effective from fiscal 2009.
For the first quarter of the current financial year, the company expects the income to be in the range of Rs4570 – 4582 crore, a y-o-y growth of 21.1% - 21.4%. EPS before exceptional items is pegged at Rs20.73, translating into a y-o-y growth of 15.2%.