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Infosys declares 100 percent interim dividend

Bangalore, Oct 11 (IANS) Infosys Technologies Ltd has declared an interim dividend of Rs.5 per share or 100 percent on par value of its share at Rs.5 for the first six months (April-September) of the current fiscal (2006-07) under the Indian GAAP.

Wednesday, October 11, 2006 | 10:42:46 AM IST (+05:30 GMT)
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Bangalore, Oct 11 (IANS) Infosys Technologies Ltd has declared an interim dividend of Rs.5 per share or 100 percent on par value of its share at Rs.5 for the first six months (April-September) of the current fiscal (2006-07) under the Indian GAAP.

In a notification to the stock exchanges here Wednesday, the IT bellwether said the cent percent interim dividend for its investors was on account of robust growth in net income and consolidated revenue during the first half of FY 2007 as against 65 percent (Rs.3.25) for the same period of the last fiscal (2005-06).

The earnings per share (EPS) for the second quarter (July-September) of this fiscal was Rs.16.75 as against Rs.11.13 in the same period year ago, registering year-on-year growth of 51 percent and 16 percent sequentially from the previous quarter (April-June) of FY 2007.

Under the US GAAP, earnings per American Depositary Share (ADS) increased to 36 cents from 25 cents year ago, posting a YoY growth of 44 percent.

EPS for the first half (H1) of the fiscal under review at the end of September was Rs.31.11 under the Indian GAAP as against Rs.21 in the same period year ago (FY 2006), registering YoY growth of 49 percent.

Copyright : Indo-Asian News Service
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