Infosys Q2 net profit up 20.5% at Rs 4845 crore | Newsloft

Infosys Q2 net profit up 20.5% at Rs 4845 crore

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Infosys Quarter ...- India TV Paisa
Photo: PTI Infosys quarterly profit up 20 percent

new Delhi. Infosys has released its September quarter results today, with the company reporting a quarterly profit of 20.5 per cent over the previous year to Rs 4845 crore. The company’s profit in the same quarter last year was at Rs 4019 crore. Profit has increased by 14.45 per cent over the previous quarter. Consolidated income for the quarter ended September was up 8.6 per cent over the previous year to Rs 24570 crore. The operating profit of the company for the quarter stood at Rs 6228 crore. It grew by 26.8 percent over the previous year and 16.1 percent over the previous quarter. At the same time, operating margins increased by 370 basis points to 25.4 per cent. The company has announced an interim dividend of Rs 12 per share for its shareholders.

With this, Infosys has announced a 2 to 3 percent increase in income guidance for FY 2021. At the same time, operating margin guidance has been increased by 23-24 per cent for the financial year. The company has signed deals worth $ 315 million during the quarter. Infosys CEO and MD Salil Parekh said that earnings and margin outlook for the financial year has been increased due to customers’ trust in the company. According to him, the second quarter performance clearly shows how capable we are in digital transformation of our customers. The company has said that they are increasing salaries at all levels, which will be applicable from January 1. Along with this, the company has also announced special incentives for the second quarter.

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