Infosys Q2 Net Profit up 10% , Announces Dividend at Rs.7/share

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Bangalore:  Infosys, India’s second largest software exporter today reported year-on-year (YoY) 10.3% growth to Rs.4110 Crore ( 13.8 % QoQ)  in the July-Sept quarter. The IT major reported 17.3% growth in net revenue in INR terms to Rs.20,609 Crore. Its Q2 19 revenues grew sequentially by 7.7% in INR terms. Digital revenues grew by YoY 33. 5% to $905 million (31.0% of total revenues), year-on-year growth of 33.5% and Sequential growth of 13.5% in constant currency terms.  

On the other hand, the company’s H1 revenues grew by 14.7% in INR terms to Rs. 39737 Crore  and net profit grew by 7.1% to Rs.7721 Crore. Its Operating margin grew by 23.7%, at higher end of guidance range and Q2 19 Basic EPS grew year-on-year by 16.0% in INR terms. The company has declared interim dividend of Rs.7 per share. It has retained FY 19 revenue guidance in constant currency at 6%-8% and operating margin guidance at 22%-24%.

“We are delighted with our broad-based growth across all business segments and geographies during the quarter. This is a testimony to our strong client relationships, digital led full service capabilities, and intense focus on the needs of our clients. Large deal wins at over $2 billion during the quarter demonstrate our increased client relevance and also give us better growth visibility for the near-term” said Salil Parekh, CEO and MD.

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