Infosys Shares are trading at Rs 1,880 down 4% today i.e. Friday, October 18th after July-September quarter results. IT company results have been weaker than analysts’ estimates.
IT company Infosys has posted a profit of Rs 6,506 crore in the second quarter i.e. April-June of Financial Year 2024-25. On a salary basis, it has increased by 4.7%. In the corresponding quarter a year ago, the company posted a consolidated net profit of Rs 6,212 crore.
In the quarter, the company generated revenue of Rs 40,986 crore. On a salary basis, it has increased by 5.1%. A year ago, the company had revenue of Rs 38,994 crore. Money earned from the sale of goods and services is revenue.
Infosys pays dividend of Rs 21 per share
Infosys has also approved an interim dividend of Rs 21 per share to shareholders. Companies give their shareholders some of the profits, called dividends.
Infosys shares climb 32% in 6 months
The stock of IT company Infosys has been flat in the last month. The stock is up 32% in 6 months and 30% in a year. There, the stock has gained 21% since January 1 this year. The company has a market cap of Rs 7.79 lakh crore.
Nandan Nilekani started the company Infosys with Rs 21,000
Founded in 1981, Infosys is an New York Stock Exchange (NYSE)-listed global consulting and IT services company. The IT company started with a capital of $250 (about Rs 21,000 in today’s terms). Today, its market cap is Rs 7.28 lakh crore.
The 40-year-old company has more than 1,800 customers in more than 56 countries. It has 13 subsidiary companies worldwide. The founder of the company is Nandan M. Nilekani. CEO and Managing Director is Salil Parekh. D. Sundaram is the lead independent director of the company.
