India’s second-largest IT company Infosys on Wednesday delivered a strong Q2 performance with year-on-year growth increasing to 19.4 per cent and sequential growth accelerating to 6.3 per cent in constant currency. However, as expected it reported pressure on the margins on QoQ basis. 

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The consolidated net profit of the company grew by 4.4 per cent to Rs 5,421 crore as against Rs 5,195 crores in the previous quarter, while the revenue stood at 29602 crores, up 6.1 per cent QoQ. Similarly, in dollar terms the revenue surged 5.7 per cent to $3998 million on a sequential basis. 

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 Infosys Q2FY22 Earnings Results – Street expects a 4.9% jump in Dollar revenues; wage hikes, supply-side issues to hit margins

Similarly, large deal momentum continued with TCV of $2.15 billion in Q2. The operating margin for the quarter was resilient at 23.6 per cent, it mentioned.

The Board has announced an interim dividend of Rs 15 per share for FY22, the company said in a release.

The company has completed the open market share buyback on September 8 at an average price of around Rs 1,649 per share (compared to maximum Buyback Price of ₹1,750 per share), it said in a filing, further adding, Consequently, the share capital of the company has reduced by 1.31 per cent.

With this, the company has returned around 82 per cent of the free cash flow for FY20 and FY21 through dividends and buyback, the company pointed out.