Infosys Q2 consolidated profit up 11.9% to Rs.5421 crore

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Bangalore : Infosys, India’s second largest software company by market caapitalisation, has reported 11.9 percent year-on-year (YoY) increase in consolidated profit at Rs 5,421 crore in the quarter ended September 2021 quarter. On sequential basis, the company’s consolidated profit has increased by 4.4 percent  compared to Rs 5,195 crore in June quarter, on the back of strong revenue contribution from Daimler deal, higher adoption of digital transformation by clients, broad-based growth across verticals and geographies, and strong seasonality. This was despite a reduction in other income which declined significantly by 15.8% sequentially and by 8% YOY.

“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, including the differentiated cloud play, Infosys CobaltTM, 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. Given this continued momentum we have further increased our revenue growth guidance to 16.5%-17.5%”, said Salil Parekh, CEO and MD of Infosys.

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