Infosys Q3 net falls 30% YoY to Rs 3,609 cr; announces Rs 8,260 cr buyback

IT major Infosys on Friday reported a 29.6 per cent YoY fall in its net profit at Rs 3,609 crore for third quarter of FY19.
The company had posted net profit of Rs 5,129 crore in the corresponding quarter last year.

On sequential basis, PAT (profit after tax) fell 12.18 per cent. 

The company also announced special dividend of Rs 4 and fixed January 25, 2019 as record date for it and January 28, 2019 as its payment date.  

In line with expectations, the company's board approved buyback of shares. The company said it would buyback 103,250,000 equity