Q4 results: Infosys in repair and renovate mode under new CEO Salil Parekh

Focus on digital theme to weigh on margins in FY19, while shareholders to get Rs 130 bn bounty

Infosys’ March 2018 quarter (Q4) numbers were in line with expectations. In dollar terms, the IT major’s top line was up 1.8 per cent sequentially (9.2 per cent year-on-year, or y-o-y). Revenue in constant currency terms was up 0.6 per cent sequentially (6.4 per cent y-o-y). The 24.7 per cent operating profit margin, which was 30 basis points (bps) more than expectation, came as a surprise.

Net profit, however, was weighed down by write-offs of Rs 1.18 billion, pertaining to earlier acquisitions, which are now on the block. It grew 2.4 per cent y-o-y to Rs 36.9 billion in Q4.

But analysts