Not only has the company bumped up its revenue guidance for the full financial year, it has also decided to distribute 85 per cent of free cash-flows to shareholders through dividends and buybacks over a period of five years against 70 per cent earlier.
The Infosys Expanded Stock Ownership Program 2019, under which grants will vest based on performance, aims to align employee interest with shareholder value creation, incentivize, attract and retain key talent, and reward employee performance with ownership.
Infosys on Thursday said its Lead Independent Director Kiran Mazumdar-Shaw had inadvertently through her portfolio management services sold 1,600 shares of the company without obtaining pre-clearance of trade. The Audit Committee of the company’s board has determined that there was a violation of the Infosys Insider Trading Policy, and the PIT Regulations and imposed on […]
The company’s net profit during the period was up 13 per cent sequentially at Rs 4,110 crore, while consolidated revenue grew 7.7 per cent quarter-on-quarter to Rs 20,609 crore, with digital business accounting for 31 per cent of the total revenues.