Infosys on Thursday released its fiscal second quarter earnings report with profit at Rs 6506 crore, posting a growth of 4.7 per cent in comparison to Rs 6212 crore during the corresponding quarter of FY24, missing estimates. It posted revenue from operations at Rs 40,986 crore, up 5.1 per cent as against Rs 38,994 crore recorded during the same period of previous financial year. The company eBITDA stood at Rs 8649 crore. According to a CNBC TV18 poll, Infosys is expected to record Q2 profit at Rs 6755 crore and the revenue for the quarter in review is estimated at Rs 40,878 crore.
Infosys delivered broad based growth performance with $4,894 million in Q2 revenues, up 3.1 per cent sequentially and 3.3 per cent YoY in constant currency terms. Operating margin for Q2 was at 21.1 per cent. H1 revenues, meanwhile, grew at 2.9 per cent year-over-year in constant currency. Operating margin for H1 was at 21.1 per cent.
Salil Parekh, CEO and MD, 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.”
Deal wins
The IT services major announced that the TCV of large deal wins was $2.4 billion, 41 per cent being net new. “I am grateful to our employees for their unwavering commitment to our client as we further strengthen our market leadership,” Salil Parekh added.
FY25 guidance
Infosys revised its FY25 revenue guidance to 3.75- 4.50 per cent and the margin guidance was retained at 20- 22 per cent.
From: financialexpress
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