Infosys Q2 net profit rises 20.5% to Rs 4,845 crore | Infosys Q2 Result: Infosys profit up 21% to Rs 4845 crore, company raises earnings estimates by 2-3%

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Digital Desk, New Delhi. The country’s second-largest IT services firm Infosys on Wednesday reported a 20.5 percent increase in its consolidated net profit for the second quarter ended September 30. The company’s profit on an annual basis grew by nearly 21 per cent to Rs 4845 crore. The company’s profit in the same quarter a year ago was Rs 4019 crore. The company grew by 14 per cent on a quarterly basis as well. Infosys reported a profit of Rs 4233 crore in the June quarter.

The IT chief has revised his annual revenue growth forecast to 2-3 per cent in constant currency. It was 0-2 per cent earlier. Full-year operating margin guidance has also been increased to 23-24 per cent as against 21-24 per cent. Operating margin is 25.4 percent. Digital constant currency growth has been 25.4 per cent year-on-year. In the second quarter, the company has signed a new deal worth 315 crore Dolly.

What did Infosys say?
Infosys said that it will implement salary hike, promotion at all levels from 1 January. Commenting on the results, Infosys Chief Executive Officer (CEO) and Managing Director Salil Parekh said: ‘Our second quarter performance is a clear reflection of our ability to help customers with their digital transformation journeys.’ “Digital capabilities and cloud capabilities combined with intelligence client reliance are helping us achieve better results in the market,” he said.

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