Infosys projects 5.4% Q3 revenue decline, declares 200% interim dividend
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Infosys projects 5.4% Q3 revenue decline, declares 200% interim dividend

Last Updated: Friday, October 09, 2009, 10:41     A- A A+
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Infosys projects 5.4% Q3 revenue decline, declares 200% interim dividend Bangalore: Infosys Technologies Ltd has projected revenue of Rs.54.76 bn (Rs.5,476 crore) for the third quarter (October-December) of this fiscal (2009-10), indicating a decline of 5.4 percent year-on-year (YoY).

In a regulatory filing Friday, the IT bellwether said its consolidated income for this fiscal (FY 2010) was expected to be about Rs.220.55 billion (Rs.22,055 crore), which would be a marginal growth of 1.2-1.7 percent YoY.

According to the International Financial Reporting System (IFRS), consolidated revenue for the third quarter (Q3) is projected to be USD 1.17 billion, a decline of 0.5 percent YoY.

Similarly, for the fiscal, the consolidated revenue is projected to be around USD 4.6 billion, a decline of one percent YoY.

200 percent interim dividend declared

Infosys Technologies Ltd has declared an interim dividend of Rs.10 per share or 200 percent on par value of Rs.5 per share for the first six months (April-September) of this fiscal (2009-10).

In a regulatory filing Friday, the IT bellwether said the interim dividend to its shareholders was the same as in the corresponding period of the last fiscal (2008-09).

The company has earmarked Rs.5.73 billion (Rs.573 crore) towards the interim dividend at the end of Sep 30, 2009. The dividend tax outgo will be Rs.970 million (Rs.97 crore).

IANS

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First Published: Friday, October 09, 2009, 10:41

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