Infosys posts Results, Offers 1:1 bonus share issue

Infosys Limited, India’s second biggest Information Technology services exporter, announced its June quarter earnings today after market closing.

The IT major reported an increase of 3.5 percent (Year-on-Year) in the net profit to Rs 3,612 crore for the April-June of the FY 2018-19 while the total revenue witnessed a growth of 12 percent to Rs 19,128 crore.

Infosys also maintained its expectation for full-year revenue growth of between 6 percent to 8 percent.  The Company’s Board approves 1:1 bonus share issue to shareholders to celebrate the 25 Years of Infosys’s listing in the stock market.

On BSE, Infosys stock ended at Rs 1,309.10 per share, up 1.12 percent, while on the NSE, the share price went up by 2.21 percent to close at Rs 1,323.00. The company’s market capitalization or M-Cap moved up by Rs.3,167.08 crore to Rs.2,85,924.08 crore.

Share benchmarks ended today with the BSE Sensex inched down 6.78 pts to 36,541.63, while the NSE Nifty50 shed 4.30 pts to close at 11,018.90.

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