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Infosys Q4 net dips 2% sequentially, announces Rs 9,200-cr share buyback

IT firm reports total contract value for FY21 of $14.1 billion, an all-time high

Infosys
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The firm expects a full year revenue growth of 12-14% in constant currency for FY22, while it expects operating margin in the range of 22-24% (Photo: Shutterstock)

Neha Alawadhi New Delhi
Technology services major Infosys Ltd on Wednesday said the company's Board approved a share buyback worth Rs 9,200 crore, at a maximum buyback price of Rs 1,750 per share, even as the company reported a 2.3 per cent sequential fall in fourth quarter net profit.

The company also reported a total contract value of $14.1 billion for FY21, an all-time high. Sixty-six per cent of this  value was net new.

The firm expects a full year revenue growth of 12-14 per cent in constant currency for FY22, while it expects operating margin in the range of 22-24 per cent.

Annual revenue growth for