Infosys creates 36% return for shareholders in FY19

  • The company also launched for the second time share buyback of 8,260 crore on March 20
  • The company also issued 1:1 bonus shares to celebrate 25 years of its listing on the Indian stock exchanges in 1993

BENGALURU :

Infosys, the global software services major, generated 36% return for shareholders in 2018-19, said a top official here on Saturday.

"We generated 36% total shareholder return for FY19. Besides 10.50 per share (210%) of 5 face value as final dividend, the blue-chip firm rewarded its investors with a total dividend of 21.50 (430%) per share, including an interim dividend of 7 (140%) and a special dividend of 4 (80%)," Infosys co-founder and Chairman Nandan Nilekani told shareholders at the company's 38th Annual General Meeting (AGM).

Addressing shareholders, he said as part of its capital allocation policy, the company returned 13,000 crore to investors in FY19. "The company paid out two special dividends in June 2018 and January 2019 by distributing 4,740 crore to investors," recalled Nilekani on the occasion.

The company also launched for the second time share buyback of 8,260 crore on March 20. Through the first share buyback in 2017, the city-based firm bought 11.3 crore shares of 5 face value for 13,000 crore at 1,150 per share.

The company also issued 1:1 bonus shares to celebrate 25 years of its listing on the Indian stock exchanges in 1993.

The IT behemoth reported 15,404 crore consolidated net profit and 82,675 crore consolidated revenue for FY19. In dollar terms, net income was $2.2 billion and gross revenue $11.8 billion.

"Digital revenues grew at 34% and accounted for one-third of total income from operations," said Nilekani.

The company expanded its digital centres in the US, Europe and Asia Pacific, in addition to building infrastructure for digital delivery in India. "Our acquisitions of Brilliant Basics, WongDoody and Fludio are seeing strong traction with our clients," he said.

The company's strategic partnerships with Temasek in Singapore and South-East Asia, and with Hitachi, Panasonic and Pasona in Japan are strengthening its worldwide network.

This story has been published from a wire agency feed without modifications to the text.

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