Mumbai2 hours ago
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After the July-September quarter results, shares of IT company Infosys are trading at Rs 1,880, falling 4% today i.e. on Friday, October 18. The IT company's results were weaker than analysts' estimates.
Infosys has made a profit of Rs 6,506 crore in the second quarter of the financial year 2024-25. There has been an increase of 4.7% on annual basis. The company had made a consolidated net profit of Rs 6,212 crore in the same quarter a year ago.
The company generated revenue of Rs 40,986 crore in this quarter. There has been an increase of 5.1% on annual basis. A year ago the company's revenue was Rs 38,994 crore. The money received from selling goods and services is revenue.
Infosys will give dividend of Rs 21 per share Infosys has also approved an interim dividend of Rs 21 per share to shareholders. Companies give some part of the profits to their shareholders, it is called dividend.
Infosys shares rose 32% in 6 months Infosys shares have remained flat in the last one month. The stock has risen 32% in 6 months and 30% in a year. At the same time, this year i.e. from January 1 till now, 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 (approximately Rs 21,000 as of today). Today its market cap is Rs 7.28 lakh crore.
The 40 year old company has more than 1800 customers in more than 56 countries. It has 13 subsidiary companies across the world. The founder of the company is Nandan M. Nilekani. The CEO and managing director is Salil Parekh. D Sundaram is the Lead Independent Director.
