Shares of IT company Infosys fell 4% today i.e. October 18, Friday to Rs. is trading at 1,880. The IT company's results were weaker than analysts' estimates.
In the second quarter of FY 2024-25, Infosys reported Rs. 6,506 crores in profit. There has been an increase of 4.7% year-on-year. In the same quarter a year ago, the company posted Rs. 6,212 crore in consolidated net profit.
In this quarter, the company made Rs. 40,986 crores in revenue. There has been an increase of 5.1% year-on-year. A year ago, the company's revenue was Rs 38,994 crore. Money received from the sale of goods and services is revenue.
Infosys per share Rs. will pay a dividend of 21 Infosys has paid shareholders Rs. Also approved an interim dividend of 21. Companies give a portion of profits to their shareholders, called dividends.
Infosys shares rose 32% in 6 months Infosys shares have been flat in the past one month. The stock has gained 32% in 6 months and 30% in one year. At the same time this year i.e. since January 1 till date the stock has gained 21%. The market cap of the company is Rs 7.79 lakh crore.
Nandan Nilekani started the company with Rs 21,000 Founded in 1981, Infosys is a NYSE listed global consulting and IT services company. The company was started with a capital of 250 dollars (roughly Rs. 21,000 today). Today its market cap is Rs 7.28 lakh crore.
The 40-year-old company has more than 1,800 customers in more than 56 countries. It has 13 subsidiary companies worldwide. Company founder Nandan M. Nilekani is. CEO and Managing Director is Salil Parekh. D Sundaram is the Lead Independent Director.
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