Cash flows to be affected negatively, which will limit dividend payment. (Shutterstock)IT services major Infosys has said its profitability may be “marginally impacted” and its cash flows negatively affected amid the Covid-19 pandemic. Also, Infosys CEO Salil Parekh drew a pay package of about $6.15 million in 2019-20, Infosys said in a regulatory filing in the US.. Outlining risks related to the occurrence of Covid-19, Infosys said its profitability may be marginally impacted as some clients have sought price reductions or discounts. “Lower profitability and prolonged payment terms requests from clients can impact our cash flows negatively and may impact our ability to provide dividend to shareholders,” Infosys said .

Source: The Telegraph May 31, 2020 18:45 UTC