2 IT stocks announce dividends for FY23. Check details

Ksolves India, a smallcap software development firm with a market cap of INR750cr, has declared a final dividend of INR8 ($0.11) per share for FY22-23, subject to shareholder approval. The development company reported revenues of INR23cr in 1QFY22-23 compared with INR14cr YoY, and a net profit of INR7.3cr. Elsewhere, mid-cap IT firm Persistent Systems has announced a final dividend of INR12 per share, along with a special dividend of INR10 per share for FY23, after achieving $1bn in annual revenue.