(Bloomberg) -- Infosys reported net income for the fourth quarter that missed the average analyst estimate. FOURTH QUARTER RESULTS
Net income 50.8 billion rupees, +18% y/y, estimate 52.13 billion (range 46.56 billion to 58.62 billion) (Bloomberg Consensus)
Revenue 263.1 billion rupees, +13% y/y, estimate 265.55 billion
Digital revenue +34.4% vs. +31.7% y/y
Total costs 199.2 billion rupees, +8.3% y/y
Other income 5.45 billion rupees
Operating margin 24.5% vs. 21.1% y/y, estimate 23.6%
Dividend per share 15 rupees
2022 YEAR FORECAST
Sees operating margin 22% to 24%, estimate 23.3%
Sees revenue +12% to +14%
COMMENTARY AND CONTEXT
Fy22 Revenue Growth Guidance of 12%-14%
Fy22 Operating Margin Guidance of 22%-24%
Approves Share Buyback Proposal of up to INR92B
Approves Share Buyback at Inr1,750 Per Share via open market route.
By: via @AlliesFin Serve Stock Market
