Infosys Q4 results: Infosys Q4 profit rises 17.5%; announces Rs 9,200 crore share buyback

NEW DELHI: India’s software services company Infosys posted a 17.5% jump in quarterly net profit on Wednesday, lifted by large contract wins as the Covid-19 pandemic drove digitisation efforts in multiple sectors.
Bengaluru-based Infosys said its consolidated net profit climbed to Rs 5,076 crore ($675.39 million) in the three months to March 31, from Rs 4,321 crore a year earlier.
Revenue for the quarter rose to Rs 26,311 crore from Rs 23,267 crore.
Also, the company’s board has also approved up to Rs 9,200 crore share buyback offer at a maximum price of Rs 1,750 apiece.

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