The company proposed a final dividend of ₹2 per share on double the number of shares post 1:1 bonus issue.
Infosys grew 9.8% with revenues of $ 12.78 billion in last fiscal , while Tata Consultancy Services, India’s largest IT firm grew 7.1% to $ 22.03 billion. Smaller rivals Wipro grew 3.8% to $ 8.6 billion and Tech Mahindra by 4.3% to $ 5.18 billion.
“We see some clear impact on the growth story in the short term, as we help our clients to deal with this downturn. However, we are not in a position to quantify it at this time, since there are many moving parts,” said C Vijayakumar, CEO of HCL Technologies. “Given our portfolio mix and strong relevant propositions that we have, we do not see this pandemic influencing our multi-year engagements beyond the short term.” HCL’s move to not give a forecast is also in line with its peers Infosys and Wipro, who see a short term business impact in the quarter till September.