Information technology giant Infosys on Thursday said it had reported a consolidated net profit at Rs 3,603 crore for the fourth quarter that ended in March 2017. As compared to the last quarter that ended in December 2016, the company reported a drop of 2.8%. The shares of Infosys traded 2.5% lower after the announcement of its Q4FY17 results on Thursday in early trade.
The company said it had reported a marginal gain of 0.2% in the net profit compared to the same period in 2016. Revenue for the quarter ending March 2017 was at Rs 17,120 crore, growing 3.4% as compared to Rs 16,550 crore in the same period last year. The total revenue at the end of this fiscal year stood at Rs 68,484 crore registering a growth of 9.7%. The net profit of the year was Rs 14,353 crore, the company said.
The Bengaluru-based company announced a dividend of Rs 14.75 per share, and said it will also pay up to Rs 13,000 crore to shareholders in the 2017-2018 financial year by the way of dividend or share buyback. The company said it expects the revenue to grow 6.5% to 8.5% in constant currency dollar by March 2018, which is lower than the industry expectations of 7% to 9%, reported Business Standard.
“Unanticipated execution challenges and distractions in a seasonally soft quarter affected our overall performance,” Infosys Chief Executive Officer Vishal Sikka said according to PTI.
On Thursday, Infosys also appointed Ravi Venkatesan as a co-chairman of its board. Venkatesan, a former head of Microsoft India, was working with Infosys as an independent director since April 2011.
A lesson in harnessing tremendous power to deliver high performance.
Gone are the days when the rich and successful would network during a round of golf, at least in the Silicon Valley. As reported by New York Times, ‘auto-racing has become a favourite hobby for the tech elites’. However, getting together on a race track would require a machine that provides control while testing extreme limits. Enter the Mercedes-AMG range of cars.
Mercedes-AMG’s rise from a racing outfit to a manufacturer of peak performance cars is dotted with innovations that have pushed the boundaries of engineering. While the AMG series promises a smooth driving experience, its core is made up of a passion for motorsports and a spirit that can be summarized in two words – power and performance. These integral traits draw like-minded people who share and express Mercedes-AMG’s style of performance.
The cars we drive say a lot about us, it’s been said. There are several qualities of an AMG performance luxury sedan that overlap with the qualities of its distinguished owner. For instance, creating an impression comes naturally to both, so does the ambition to always deliver an exceptional performance. However, the strongest feature is that both the owner and the AMG marque continually challenge themselves in pursuit of new goals, stretching the limits of performance.
This winning quality comes alive, especially, in the latest Mercedes-AMG marque – the Mercedes-AMG E 63 S 4MATIC+. With the most powerful engine to have ever been installed in an E-class, this undisputed performance sedan promises immense power at the driver’s command. With 612 HP under its hood, the car achieves 0-100 km/h in just a few seconds - 3.4 to be precise. Moreover, the car comes with the latest driver-assistance technology that promises intelligent control and provides an agile and responsive ride.
But, the new AMG is not just about work (or traction in car lingo). One of its core features is to provide its owners a challenge on the race track. Its drift mode, which converts the vehicle into a pure rear-wheel drive, offers pure exhilaration and adds a work-play dynamic to the car. In that sense, the new AMG is a collaborator of sorts - one that partners with its owner to create an impression through performance. And on the weekends, the car pushes him/her to express absolute power using its race mode with a thunderous roar of the engine - the pure sound of adrenalin. This balance between work and play has been achieved using cutting-edge features in the car that together create an almost intuitive driver-machine relationship.
If you’re looking for a car that shares your enthusiasm for driving, you’ll find a partner in the new AMG. However, buying an AMG is not just about owning a powerhouse on wheels, it’s also about adopting a driving philosophy in which power is just the starting point - the main skill lies in how you manoeuvre that power on the road. A performance sedan in its sportiest form, Mercedes-AMG’s latest model takes vehicle performance to an unmatched level. A decade ago, this amount of speed and power in a luxury 4-door model would be un-thinkable.
The new Mercedes-AMG comes with a host of individualisation options through designo, the artistic side of Mercedes’s innovation, so the car becomes an extension of the owner’s distinctive personality. An expressive design with a new radiator grille and a muscular front apron showcase its athleticism. A new-age driver environment, widescreen cockpit, the AMG performance steering wheel and sports seat delivers an intensive driving experience. With the Mercedes-AMG E 63 S 4MATIC+, AMG has created an undisputed performance sedan that can rip the race track as well as provide reliable luxury sedan-duty. To know more about the most powerful E-class of all time, see here.
This article was produced by the Scroll marketing team on behalf of Mercedes-Benz and not by the Scroll editorial team.