In terms of top line growth, Infosys was ahead of TCS, the country's largest software services firm
Though companies are saying they are managing supply side constraints by hiring more freshers and by subcontracting, exits is clearly impacting margins and profitability
The company said its board recommended a final dividend of Rs 16 per equity share for the financial year ended March 31, 2022
The company does not do any business with Russian clients today and has no plans of doing so going ahead as well, says CEO Salil Parekh
Infosys' revenue grew 22.7 per cent to Rs 32,276 crore in the quarter from Rs 26,311 crore in the year-ago period
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Infosys is scheduled to announce results today, while HDFC Bank shall be reporting its Q4 numbers on Saturday.
Analysts expect the Bengaluru-based firm to post flat-to-negative EBIT margin due to higher attrition, lower utilisation, and rising travel expenses.
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Murthy is the daughter of Indian billionaire, Infosys Ltd. co-founder Narayana Murthy, and she owns 0.93% of the company's shares, according to Bloomberg data.
The collaboration between the two has been reinforced through strategic deals aimed at yielding benefits to both firms over next seven years
Analysts believe top-line growth will be driven by broad-based demand
Sources said that Infosys is transitioning services from Russia to other global delivery centres but did not elaborate on any details
Sunak who is married to Murthy's daughter Akshata, was speaking in reference to recent attacks on his wife and her family over the continued presence of Infosys in Moscow amid Russia-Ukraine conflict
Reliance Industries added Rs 79,188.07 crore in valuation and Infosys gained Rs 9,404.12 crore.
Sunak's wife, Akshata Murthy, has a stake worth hundreds of millions in Infosys, founded by her billionaire father Narayana Murthy
The company has committed $1 million towards relief efforts for war victims from Ukraine