Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: TDS :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: due date for vat payment :: form 3cd :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: VAT RATES :: list of goods taxed at 4%
 
 
« General »
 Tax breather for foreign investors: All you need to know
 What the increase in tax collections does not tell us about Indian economy post demonetisation
 India’s crazy retrospective tax on foreign funds will tarnish country’s reputation
 How tax related, PAN grievances can be resolved through E-Nivaran
 Tackling income tax exemptions for equities and agriculture
 Amfi wants tax benefits for retirement plans
 Top five factors which could chart market direction in the coming week
 Tax rate hikes boost shadow economy
 Tax mop-up may decline in new amnesty scheme
 Weeks before Budget, Finance Minister Arun Jaitley lists out benefit of low tax rates
 Second home loan tax benefits

Infosys Records Net Profits of Rs. 4,659 Crores
May, 26th 2008

Infosys, one of the leading software companies of India, recoded a net annual profit of Rs 4,659 crores for the financial year 2007-2008. This was a growth of 20.82 % over the previous year 2006-2007, when the net annual profit was Rs 3,856 crores. The total consolidated income of Infosys rose from Rs 14,265 crores in 2006-2007 to Rs 17,396 crores in 2007-2008.

A final dividend of Rs 7.25 was declared by Infosys on shares of Rs. 5 per share (145% dividend). Furthermore, the company also declared a special dividend of Rs 20 per share, on shares with face value of Rs. 5 per share.

The special dividend has been announced to celebrate the achievement of one billion dollars of net profit during the financial year. The company has also decided that from the fiscal year 2009, the company would pay out 30% of net profits as dividends.

During the fourth quarter of 2007-2008, Infosys recorded a profit of Rs 1249 crores which was a growth of 9.2%. However this was much lower than the estimated profits of this period. According to analysts, the actual profits fell short of the estimated profits by Rs 1260 crores.

According to a survey by Infosys, the sharp difference between estimated and actual figures is due to the budget cut by US customers of the company who account for two thirds of the revenue. Budget cuts have been carried out by almost 76% of the US customers of Infosys.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions