This tax revenue is to be spent, after a small administrative cost deducted by the State Department of Revenue, to advertise and market tourism with the exception that capital expenditures can be made for tourist information centers.
Infosys on Friday announced a share buyback of Rs 8, crore and a special dividend of Rs 4 per equity share along with its financial results for October-December period. However, consolidated profit came in below market expectations, while revenue beat Street estimates.
Here are other top takeaways from Infosys' third-quarter earnings: The profit figure was down An analysts poll by ETNow had projected a profit of Rs 4, crore for the quarter under review.
The figure jumped Consolidated attrition declined to Infosys reported gross addition of 18, to its workforce in the Oct-December period. The company revised its FY19 revenue guidance in constant currency upward to 8.
However, operating margin guidance retained at 22 per cent per cent. A special dividend of Rs 4 per share would result in a payout of around Rs 2, crore including dividend distribution tax. The company has fixed January 25 as record date for the purpose of special dividend and January 28, as payment date.
Assets held for sale: During the quarter ended December 31,based on an evaluation of proposals received and progress of negotiations with potential buyers, Infosys concluded that it is no longer highly probable that sale would be consummated by March 31, On de-classification, the company recognised additional depreciation and amortization expenses of Rs 88 crore and a reduction of Rs crore in the carrying value for Skava.
The impact of the same on the basic earnings per share was a decrease of Rs 1. Infosys added clients gross during the quarter. With that, the number of active clients for Infosys stood at 1, as of December 31, Share buyback and dividend: We saw significant currency volatility during the quarter and managed it effectively by our hedging strategy.
Cash generation was strong during the quarter. Executing on the capital allocation strategy announced in Aprilwe have announced a share buyback program and a special dividend.Critical Thinking, Bernard Lonergan, Lonergan, Philosophical Methodology Entrepreneurs all A review of Wealth of Persons by John McNerney, in Religion & Liberty (Summer ): timberdesignmag.com Proposal To Zilack Board Of Directors | India Kern La Jolla On average pages are viewed each, by the estimated daily visitors.
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3 days ago · The Rosemount-Apple Valley-Eagan School Board got a look at $7 million of recommended budget adjustments for the school year on Monday, director of finance and operations.
The budget adjustment proposal would increase . Melba Pearson, Deputy Director for the ACLU of Florida said, "Let's look at what voting entails: It gives you the ability to have a say on your roads, on who is going to be on your school board to help educate your kids and who is going to be trying to get funding for your neighborhood.
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