Infosys Q2 Results: ANNOUNCED! Check earnings, profits and other financial details of India's second-biggest software firm

Infosys Ltd, India's second-biggest software firm, on Wednesday reported a 20.5% rise to Rs 4,845 cr in September-quarter profit, helped by growth in client demand for its new-age digital services such as cloud, data and analytics during the pandemic. Infosys, based in the Indian tech hub of Bengaluru, said that revenue has risen to 8.5 pc to Rs 24,570 cr over the year-ago period.

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Q2 revenues grew sequentially by 4.0 per cent in constant currency
 Q2 revenues grew year-on-year by 8.6 per cent in INR; grew by 2.2 per cent in constant currency
Q2 Digital revenues at USD1,568 million (47.3% of total revenues), year-on-year growth of 25.4 per cent in constant currency
Q2 operating margin at 25.4 per cent, increase of 370 basis points year-on-year
 Q2 free cash flow at Rs 4,989 crore; year-on-year growth of 78.1 per cent
 Q2 net profit at Rs 4,845 crore, year-on-year growth of 20.5 per cent
Q2 voluntary attrition for IT services declined to 7.8% from 18.3 per cent in Q2 20
H1 revenues grew by 1.9 per cent in constant currency
H1 operating margin at 24.1 per cent
Declared interim dividend of Rs 12 per share
FY 21 revenue growth guidance revised upward to 2 per cent -3 per cent in constant currency
FY 21 operating margin guidance revised upward to 23 per cent -24 per cent

“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”, said Salil Parekh, CEO and MD. “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.”

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The stocks of Infosys today ended at Rs 1138 on the NSE , down by 1.7 from the previous close.