Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
BW Businessworld

Infosys Saw Fastest Growth In 11 Years During Fiscal 2022: Nilekani

Briefing the board and shareholders, he said that the company’s operating margin for the year was 23 per cent and free cash flow went past USD 3 billion

Photo Credit :

1656159796_jtYbwi_nandan.jpg

Addressing the board members and shareholders during the Infosys Annual General Meeting (AGM), Nandan Nilekani said that Infosys brought in USD 16.3 billion in fiscal 2022 and saw fastest growth in 11 years.

Nandan Nilekani, Infosys co-founder and chairman of the board, said that the company grew at its fastest in past 10+ years. Briefing the board and shareholders in the 41st AGM, he said that the company’s operating margin for the year was 23 per cent and free cash flow went past USD 3 billion. 

In his address, he informed of Infosys’ business growth in the digital space which continued upwards at 41 per cent and currently accounts for 59 per cent of its total revenues.

He highlighted the company’s North America business which crossed the USD 10 billion milestone. The company won 94 large deals with TCV of US $9.5 billion, of which 40% was net new, setting a strong foundation for growth in the months ahead.

Regarding company shares, Nilekani said, “The Board has recommended a final dividend of Rs 16 per share. Together with the interim dividend of Rs 15 per share already paid, the total dividend per share for FY22 amounts to Rs 31 which is a 14.8 per cent increase over FY21. With this, the company has announced a total dividend of approx. Rs 13,000 crore for FY22. Along with the share buyback of over Rs 11,000 crore completed in September, the total capital return in FY22 is over Rs 24,100 crore (USD 3.1 billion)”.

The Infosys chairman also touched upon the exit of Mrs Sudha Murthy, who was the Chairperson of Infosys Foundation until December last year. But he did not speak on any new appointment for the position that now remains vacant.