BANGALORE: Infosys Technologies on Tuesday declared a dividend of 60 per cent, taking the total dividend paid for the year 1999-2000 to 90 per cent. The company's total income soared by a massive 79 per cent during the fiscal year, the results for which were announced on Tuesday. Net profit increased by a phenomenal 117 per cent.
According to a release, the total income rose from Rs 512.74 crore during 1998-99 to Rs 921.46 crore during 1999-2000. Total expenditure has gone up by 69 per cent to Rs 542.58 crore against Rs 320.99 posted during the previous year. Notable in the expenditure during the year is staff cost, which has risen by a phenomenal 101 per cent to Rs 334.56 crore.
Infosys posted an operating profit of Rs 378.88 crore against 191.75 crore for the year 1998-99. There is no provision for interest this year too, while depreciation went up to Rs 53.23 crore. Rs 39.70 crore has been provided for tax.
The net profit went up by 117 per cent to Rs 193.52 crore against Rs 135.27 crore posted last year. The earning per share of the company has risen to Rs 42.15 (Rs 19.93 during the previous year).
The release said that the book closure period will be between May 16 and May 27, 2000. The annual general meeting of the company will take place on May 27. Infosys made hefty gains on the second consecutive day on Tuesday, following the announement of its financial results. It crossed the Rs 10,000-mark to close the day at Rs 10,625.90, gaining 8 per cent against the previous close.