Infosys reports subdued Q3, revenue guidance at 8.5-9 per cent

IT major Infosys’ consolidated revenue for the third quarter of FY19 came in at Rs. 21,400 crore, registering 3.84 per cent QoQ increase. Digital revenues, which accounted for 31.5 per cent of total revenues grew 5 per cent sequentially in constant currency terms.

EBITDA for the quarter fell by 7.43 per cent QoQ to Rs. 4,959 crore with a corresponding margin contraction of 282 bps. EBITDA margin for the quarter stood at 23.17 per cent.

PAT for the quarter came in at Rs. 3,610 crore, which is QoQ decline of 12.17 per cent.

The company’s management has revised its FY19 revenue guidance upward in constant currency to 8.5-9.0 per cent. While operating margin guidance was retained at 22-24 per cent.

The company's board has approved a buyback of its equity share at a max price of Rs. 800 apiece aggregating up to Rs. 8,260 crore. Notably, it has declared a special dividend of Rs. 4/- per equity share and fixed January 25, 2019 as the record date for this dividend and January 28, 2019 as payment date.