The company’s board approved an interim dividend of Rs 6 per share and fixed January 27 as the record date. The payment will be made on or before February 14.
Adjusted for the impact of labour code changes, net income stood at Rs 3,360 crore, up 3.6% sequentially and 0.3% YoY.
Revenue from the core IT services segment stood at $2,635 million, marking a 1.2% quarter-on-quarter rise and marginal growth of 0.2% compared with a year earlier. In constant currency terms, IT services revenue increased 1.4% sequentially but declined 1.2% on a yearly basis, indicating continued pricing and volume pressure in key markets.
Operating performance improved during the quarter, with IT services’ operating margin expanding to 17.6%. This represented an improvement of 90 basis points over the previous quarter and 10 basis points on a year-on-year basis, driven by cost optimisation and better utilisation.
Deal activity remained soft. Total bookings for the quarter came in at $3.3 billion, down 5.7% YoY in constant currency terms. Large deal bookings were weaker at $871 million, declining 8% YoY.
More to come…