Infosys Q2 net profit up 20%

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Bangalore : Infosys, India’s 2nd largest software exporter on Wednesday reported a net profit of Rs 4,845 crore, up 20.5% year-on-year (YoY) in the quarter ended September 30 as compared to Rs 4,019 crore in the corresponding quarter last year.

The company has revised the FY 21 revenue growth guidance upward to 2%-3% in constant currency terms. Similarly, it has also revised the FY 21 operating margin guidance upward to 23%-24%.

The Board of Directors of the company has approved dividend of Rs.12 per share.

“Our second quarter performance is a clear reflection of our ability to help clients on their digital transformation journeys. Our digital and cloud capabilities combined with intense client relevance are helping us achieve differentiated results in the market as is visible in 2.2% year on year overall revenue growth and 25.4% growth from digital offerings, which now are at 47.3% of revenues. Increase in revenue and margin outlook for FY 21 is due to the continued trust clients have in us. I am extremely proud of our team for achieving these results in challenging business conditions globally” said Salil Parekh, CEO and MD.

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