Infosys share falls 5% post Q4 results:

infosys

Infosys on April 14, reported a 2.3 percent sequential decline in consolidated profit at Rs 5,076 crore for the quarter ended March 2021. Consolidated revenue from operations grew by 1.5 percent sequentially to Rs 26,311 crore, while consolidated revenue in constant currency grew by 2 percent and the topline growth in dollar terms was at 2.8 percent quarter-on-quarter.

The company board approved a buyback of equity shares, through the open market route, amounting to Rs 9,200 crore at a price not exceeding Rs 1,750 a share, subject to shareholders’ approval.

Infosys was quoting at Rs 1,339.90, down Rs 58.70, or 4.20 percent on the BSE.

News Source:- Moneycontrol

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