Infosys Ltd, India’s second-largest software services exporter by revenue, reported a better-than-expected 9.8 percent increase in quarterly net profit, helped by a focus on high-end projects and as clients in the United States spent more. Infosys posted a net profit of Rs 3,398 crore as compared to Rs 3,096 crore in the corresponding period a year ago. Infosys Executive Vice President and CFO Rajiv Bansal resigns; to be replaced by M D Ranganath.
Here are the top 10 highlights:
* Revenues were Rs 15,635 crore for the quarter ended September 30, 2015; QoQ growth was 8.9%; YoY growth was 17.2%
* Net profit was Rs 3,398 crore for the quarter ended September 30, 2015; QoQ growth was 12.1%; YoY growth was 9.8%
* Earnings per share (EPS) was Rs 14.87 for the quarter ended September 30, 2015; QoQ growth was 12.1%; YoY growth was 9.8%
* Q2 revenue growth highest in last 16 quarters* – 6.0% in USD terms and 6.9% in constant currency
* Q2 revenue growth 8.9% in INR terms
* Q2 revenue growth 14.2% yoy in constant currency
* TCV of large deals signed in Q2 at $ 983 mn
* Interim dividend of `10 per share
* FY 16 revenue guidance at 10%-12% in constant currency
* Attrition remained stable, increase in revenue productivity was significant, volume growth was robust, client metrics and utilization improved