Infosys Q2 results: Net profit up 11.9% to Rs 5,421 cr, revenue up 20.5%

Infosys on Wednesday reported a 11.9 per cent year-on-year (YoY) rise in consolidated net profit at Rs 5,421 crore for July-September quarter. On a sequential basis, the net profit was 4.4 per cent higher than Rs 5,195 crore reported in the preceding June quarter.
 
The IT major's revenue grew 20.5 per cent YoY to Rs 29,602 crore, while it was higher by 6.1 per cent on a quarter-on-quarter basis. Operating margin stood at 23.6 per cent during the quarter as against 25.3 per cent in the corresponding quarter of previous year and 23.7 per cent in June quarter this year.
 
Infosys revised upwards its revenue guidance to 16.5-17.5 per cent for FY22 from 14-16 per cent growth in constant currency terms it predicted earlier.
 
The company said its growth during the quarter was broad-based across geographies and segments, with the largest geography North America growing at 23.1 per cent and the largest segment, financial services, growing at 20.5 per cent YoY in constant currency.
 
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"Our stellar performance and robust growth outlook continue to demonstrate our strategic focus and the strength of our digital offerings. As we witness a strong market opportunity with global enterprises rapidly accelerating their digital journeys, our sustained investments in expanding capabilities...has uniquely positioned us to continue serving our clients effectively, gain market share and emerge as the preferred cloud and digital transformation partner in the market," the company's MD and CEO, Salil Parekh said.
 
Infosys COO Pravin Rao said that 86 per cent of its employees have received at least one dose of the Covid-19 vaccine, and it is now preparing to embrace the hybrid work model.
 
The company had 2,79,617 employees at the end of the September quarter, and the attrition rate was at 20.1 per cent. It also declared an interim dividend of Rs 15 per equity share.
 
Shares of Infosys closed 1.42 per cent higher at Rs 1,708.75 on the Bombay Stock Exchange. The company declared its financial results after market hours.

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