Infy's Q4'18 results

Infy is down about 7% in US after their softer guidance for FY19, key highlights are -

  • Fiscal’18

    Revenues were $10,939 million for the year ended March 31, 2018 - YoY growth of 7.2% in reported terms; 5.8% in constant currency terms Operating profit was $2,659 million for the year ended March 31, 2018 - YoY growth of 5.5% Net profit was $2,486 million for the year ended March 31, 2018 - YoY growth of 16.2%

  • Guidance for 2019

    Revenues are expected to grow 6%-8% in constant currency*; Revenues are expected to grow 7%-9% in USD terms based on the exchange rates as of March 31, 2018

  • Capital Allocation

    … returning upto 70 % of the free cash flow of the corresponding Financial Year… Board has identified an amount of upto 13,000 crores ($2 billion*) to be paid to shareholders

  • Management decided to sell Pananya (which Infy acquired in 2015 for $200m and became an issue between the founders and the previous CEO) along with two other entities

    The Company anticipates completion of the sale by March 2019 and accordingly, assets amounting to 2,060 crore ($316 million) and liabilities amounting to 324 crore ($50 million) in respect of the disposal group have been reclassified and presented as “held for sale”

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