Infosys hands out salary revision letters to employees, average pay hike below 10%: Report
net profit rose 3.17 per cent to ₹6,212 crore in the July-September quarter of fiscal 2023-24, compared to ₹6,012 crore in the corresponding period last year. The Bengaluru-based company has narrowed its revenue growth guidance for the full year at the upper end to 1-2.5 per cent.
The reduction in revenue guidance comes after it sharply slashed the guidance last quarter to 1-3.5 per cent from 4-7 per cent. The revenue rose 7 per cent to ₹38,994 crore in the September quarter, compared to ₹36,538 crore in the corresponding period last year.
Infosys also declared an interim dividend of ₹18 per equity share with the record date as October 25. The operating margin for the September quarter was 21.2 per cent, a sequential rise of 40 basis points.
Infosys has retained operating margin guidance at 20 per cent-22 per cent, as per the company's statement. Milestone Alert!
Livemint tops charts as the fastest growing news website in the world
