Infosys ups revenue guidance for 2015-16 in rupee terms; gives 200% interim dividend

Beating the street expectations, tech major Infosys Limited has registered a net profit of 9.78% year-on-year, while its CFO has resigned

Bengaluru: Global software major Infosys Ltd on Monday revised its consolidated revenue guidance for this fiscal (2015-16) two percent upwards in rupee terms but lowered marginally in dollar terms owing to currency volatility.

The software major also announced 200 percent interim dividend or Rs.10 for each share of Rs.5 at par for first six months (April-September) of this fiscal (2015-16).

In a regulatory filing to the Bombay Stock Exchange, the IT firm said consolidated revenue for FY 2016 would grow 13-15 percent in rupee terms and 6.4-8.4 percent in dollar terms, but remain at 10-12 percent in constant currency in both terms.

"We have increased revenue guidance for this fiscal year (FY 2016) to 13.1-15.1 percent from 11.5-13.5 percent in rupee terms but lowered to 6.4-8.4 percent from 7.2-9.2 percent in dollar terms projected in July," Infosys said in the filing.

The company reported Rs.53,319 crore revenue for last fiscal (2014-15) and $8.7 billion, which was 6.4 percent growth YoY in rupee terms and 5.6 percent in dollar terms.

The company has increased conversion rate for rest of the fiscal 2016 by $1.95 to Rs.65.59 from Rs.63.65 per US dollar in July.

Software major Infosys Ltd on Monday announced 200 percent interim dividend or Rs.10 for each share of Rs.5 at par for first six months (April-September) of this fiscal (2015-16).

The company also announced that the Executive Vice President and CFO Rajiv Bansal has resigned and will be replaced by M D Ranganath.  Rajiv Bansal will be with the company till December 31, 2015 to provide a smooth transition.