Bengaluru : Infosys, India’s 2nd largest software exporter on Wednesday reported 12 per cent (YoY) rise in consolidated net profit to Rs. 4233 Crore in the April-June quarter, from Rs. 3798 crore in the corresponding quarter last year. Consolidated revenue rose by 8.5 per cent to Rs. 23665 crore from Rs.21803 crore a year ago.
Operating profit was Rs. 5,365 crore, growth of 20.0% YoY and 8.9% QoQ. Operating margin was 22.7% While Basic EPS was Rs.9.98, growth of 13.1% YoY and decline of 2.0% QoQ.
“Our Q1 results, especially growth, are a clear testimony to the relevance of our service offerings and deep understanding of clients’ business priorities which is resonating with them in these times. It also demonstrates the remarkable dedication of our employees and leadership during this period. Our confidence and visibility for the rest of the year is improving driven by our Q1 performance and large deal wins” said Salil Parekh, CEO and MD.
“Operating margin expanded to 22.7% driven by preemptive deployment of our strategic cost levers along with tactical opportunities triggered by the COVID situation. Collections were robust and capex was focused, which led to 50% year on year increase in Free Cash Flows. Our liquid and debt free Balance Sheet is a huge source of strength in these times” said Nilanjan Roy, CFO.