Dipen Shah, Sr. Vice President - PCG Research, Kotak Securities Limited views on Infosys Q4 2017 results announced today.
"Infosys 4Q revenues were marginally lower-than-expected, impacted by unexpected challenges in execution and other distractions. However, margins came in above our expectations, which is a positive. The company has been deriving operating efficiencies through automation and artificial intelligence.
FY18 guidance is marginally lower than what we had expected. While the guidance does reflect the challenging macro environment, we believe it does incorporate some degree of conservatism after several quarters of guidance misses. The implied CQGR of about 2.5% in FY18, seems achievable.
We view the revised dividend payout policy positively. Effective from Financial Year 2018, the Company expects to payout up to 70% of the free cash flow of the corresponding Financial Year either by way of dividend and/or share buyback. Apart from this, the company will pay an amount of roughly Rs.130bn ($2 billion) during Financial Year 2018 either by way of dividend and/or share buyback".
Shares of INFOSYS LTD. was last trading in BSE at Rs.931.4 as compared to the previous close of Rs. 968.8. The total number of shares traded during the day was 1552568 in over 46351 trades.
The stock hit an intraday high of Rs. 990.95 and intraday low of 927. The net turnover during the day was Rs. 1463891287.