NEW DELHI: Flushed with cash, IT companies are finding different ways to reward their shareholders.
Infosys on Sunday said its board will also decide on a buyback programme, along with March quarter earnings, in its next board meeting.
"The Board of the Company will consider a proposal for buyback of fully paid-up equity shares of the Company at its meeting to be held on April 14, 2021,” the company said in a regulatory filing.
Infosys is likely to report a flat-to-negative sequential growth in March quarter profit on a 2-4 per cent quarter-on-quarter (QoQ) rise in sales. Sequentially, growth in dollar revenues and in constant currency (CC) terms is likely in 3-5 per cent range.