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Infosys to Pay 20.82% Interim Dividend for FY'08
New Delhi, April 16, 2008
Software major Infosys Technologies on Tuesday announced a
consolidated net profit of Rs 4,659 crore for the year ended
31st March, a 20.82 per cent growth over the corresponding
period a year ago.
Infosys had a consolidated net profit of Rs 3,856 crore for
the year ended 31st March, 2007, the second-largest exporter
of software services said in a filing to the Bombay Stock
Exchange.
The consolidated total income rose to Rs 17,396 crore for the
year ended 31st March, 2008 from Rs 14,265 crore in the
year-ago period.
The company declared a final dividend of Rs 7.25 on shares of
Rs 5 each (145 per cent) and a special dividend of Rs 20 per
share (400 per cent on an equity share of face value of Rs 5).
Besides, Infosys has decided to increase the dividend pay-out
ratio to up to 30 per cent of net profits effective from
fiscal 2009, the company added.
For the quarter ended 31st March, the group reported a net
profit of Rs 1,249 crore as compared to Rs 1,144 crore for the
quarter ended 31st March, 2007.
Total income increased to Rs 4,681 crore for the quarter ended
31st March, this year from Rs 3,891 crore for the
corresponding quarter a year ago.
Shares of the company were trading at Rs 1,440, up 1.23 per
cent on the BSE in early morning trade.
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