Infosys, the global software services major, generated 36% return for shareholders in 2018-19, said a top official here yesterday.
“We generated 36% total shareholder return for FY19.
Besides Rs10.50 per share (210%) of Rs5 face value as final dividend, the blue-chip firm rewarded its investors with a total dividend of Rs21.50 (430%) per share, including an interim dividend of Rs7 (140%) and a special dividend of Rs4 (80%),” Infosys co-founder and chairman Nandan Nilekani told shareholders at the company’s 38th Annual General Meeting (AGM). Addressing shareholders, he said as part of its capital allocation policy, the company returned Rs130,000mn to investors in FY19. “The company paid out two special dividends in June 2018 and January 2019 by distributing Rs47,400mn to investors,” recalled Nilekani on the occasion.
The company also launched for the second time share buyback of Rs82,600mn on March 20.
Through the first share buyback in 2017, the city-based firm bought 113mn shares of Rs5 face value for Rs130,000mn at Rs1,150 per share.
The company also issued 1:1 bonus shares to celebrate 25 years of its listing on the Indian stock exchanges in 1993.
The IT behemoth reported Rs154,040mn consolidated net profit and Rs826,750mn consolidated revenue for FY19.
In dollar terms, net income was $2.2bn and gross revenue $11.8bn.
“Digital revenues grew at 34% and accounted for one-third of total income from operations,” said Nilekani.
The company expanded its digital centres in the US, Europe and Asia Pacific, in addition to building infrastructure for digital delivery in India. “Our acquisitions of Brilliant Basics, WongDoody and Fludio are seeing strong traction with our clients,” he said.
The company’s strategic partnerships with Temasek in Singapore and South-East Asia, and with Hitachi, Panasonic and Pasona in Japan are strengthening its worldwide network.