Infosys Q2 Results: Indian IT giant Infosys reported a 4.7 per cent year-on-year (YoY) increase in net profit for the September 2024 quarter. In the second quarter of FY25, the company recorded a profit of Rs 6,506 crore, up from Rs 6,212 crore in the same period last year. Additionally, Infosys's revenue rose by 5.1 per cent YoY, reaching Rs 40,986 crore, compared to Rs 38,994 crore during the corresponding period in the previous year.
Infosys reported robust performance, achieving broad-based revenue growth in constant currency (CC) of 3.1 per cent sequentially and 3.3 per cent YoY. The company has revised its FY25 revenue guidance to a range of 3.75 per cent to 4.50 per cent. Additionally, it has maintained its margin guidance for FY25 at 20 per cent to 22 per cent.
Commenting on the firm’s numbers, Salil Parekh, CEO and MD of Infosys, said, "We had strong growth of 3.1 per cent quarter-on-quarter in constant current in Q2. The growth was broad-based, with good momentum in financial services. This stems from our strength in industry expertise, market leading capabilities in cloud with Cobalt and generative AI with Topaz, resulting in growing client preference to partner with us.”
He added, “Our large deals at $2.4 billion in Q2 reflect our differentiated position. I am grateful to our employees for their unwavering commitment to our client as we further strengthen our market leadership.”
Infosys has also announced an interim dividend of Rs 21 per share, setting October 29 as the record date and November 8 as the payout date. For FY24, the company previously declared a final dividend of Rs 20, a special dividend of Rs 8, and an interim dividend of Rs 18. The company's EBIT (earnings before interest and tax) margin remained stable at 21.1 per cent.
Infosys shares closed 2.58 per cent higher at Rs 1,969.50 on Thursday.
Also Read: Meta Layoffs: Social Media Giant To Cut More Jobs From WhatsApp, Instagram Teams