Infosys: Gift to shareholders on Diwali, company announced dividend, buyback also approved
Infosys Share Price: Many companies have announced to give dividend to the investors. If you also have shares, then know which company is going to put money in your account. The company has also announced dividend for the shareholders.
Staff Editor 
Infosys Q2 Results: Shareholders have enjoyed Diwali. Many companies have announced to give dividend to the investors. If you also have shares, then know which company is going to put money in your account. The country's leading IT company Infosys has released its quarterly results. During this, the company has also announced dividend for the shareholders.
Infosys to buyback shares
Infosys' consolidated net profit jumped 11 per cent to Rs 6,021 crore in the second quarter of the current fiscal. Announcing its quarterly results on Thursday, the company said that it will buyback shares worth Rs 9,300 crore.
Dividend of Rs 6940 crore will be distributed
The country's leading IT company has announced an interim dividend of Rs 6,940 crore to its shareholders. India's second largest IT services company reported a net profit of Rs 5,421 crore in the same period last year.
How much did the company's income increase?
According to the information given to the stock exchanges, in the second quarter of the current financial year, the income of Infosys increased by 23.4 percent year-on-year to Rs 36,538 crore. In the same period a year ago, this figure was Rs 29,602 crore.
Shares will be buyback for how much rupees?
Infosys has also announced a share buyback program worth Rs 9,300 crore. The price under buyback will not exceed Rs 1,850 per equity share. This price is 30 percent higher than the closing price of the company's shares on Thursday at Rs 1,419.7.
What is the growth expected
The company revised its earnings forecast for the financial year 2022-23 and expects it to grow at 15-16 per cent, as against the earlier estimate of 14-16 per cent. The operating margin forecast has been revised to 21-22 per cent, the company said in a statement.
What did the CEO of the company say?
Salil Parekh, Chief Executive Officer and Managing Director, Infosys said, "Our strong growth in large deals and steady all-round growth in Q2 reflect the relevance of our digital and cloud solutions to customers. "Demand is strong and this is proved by our revised earnings estimates of 15-16 per cent for FY 2022-23," he said.
