Infosys Q2 results HIGHLIGHTS: Infosys Q2 net profit at Rs 4,019 crore; meets estimates

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Updated:Oct 11, 2019 5:51:42 pm

Infosys Q2 results HIGHLIGHTS: India's largest IT behemoth Infosys has reported Q2 results in-line with estimates. The revenues came in at Rs 22,629 crore.

Infosys, regarded company, TCS, HDFC, Indian companies, Best Regarded Companies, Forbes, industry newsIT major Infosys has been ranked third in the list of World’s Best Regarded Companies. (Reuters)

Infosys Q2 results HIGHLIGHTS: India’s largest IT behemoth Infosys has reported Q2 results in-line with estimates. The revenues came in at Rs 22,629 crore, implying growth of 9.8% YoY and 3.8% QoQ. “Our performance was robust on multiple dimensions – revenue growth, digital growth, operating margins, operational efficiencies, large deal signings and reduction in attrition”, said Salil Parekh, CEO and MD. “All these are clear signs that we are progressing well in our journey of client-centricity and maximizing value for our stakeholders, he added.” The headline indices Sensex and Nifty closed higher on Friday afternoon, with IT major Infosys emerging as the top gainer. Infosys shares closed 4% higher at Rs 814 ahead of the Q2 results scheduled to be reported today. The Sensex ended 247 points higher at 38,127, while the Nifty closed above 11,300-mark. Brokerage firm Edelweiss Securities expects Infosys’ revenue to grow 3.5 per cent QoQ in terms of constant currency, whereas in dollar terms the growth is likely to be dragged by cross-currency headwinds to around 3 per cent QoQ. We bring to you live updates.

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    “All these are clear signs that we are progressing well in our journey of client-centricity and maximising value for our stakeholders,” Salil Parekh said.

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    Salil Parekh on Q2 results

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    17:19 (IST)11 Oct 2019
    Analysts expected less profit

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    16:53 (IST)11 Oct 2019
    Infosys sees robust operating margin for H2

    • Q2 20 operating margin at 21.7%, 1.2% improvement over Q1 20
    • H1 revenues grew by 11.9% in constant currency
    • H1 operating margin at 21.1%, within the margin guidance for the year
    • “We saw expansion in operating margins during the quarter driven by improvement in operationalparameters and cost efficiencies. We took the first step towards implementation of our new capital allocation policy by increasing interim dividend by over 14% compared to FY 19,” Nilanjan Roy, CFO said.

    16:43 (IST)11 Oct 2019
    Infosys Q2 results: Key figures in a nutshell

    • Infosys revenues came in at Rs 22,629 crore, implying a growth of 9.8% YoY and 3.8% QoQ
    • The operating profit stood at Rs 4,912 crore, increase of 0.4% YoY and 9.9% QoQ. The Operating marginwas 21.7%.Basic EPS came in at 9.46, flat YoY and registering growth of 7.1% QoQ
    • Q2 20 Digital revenues rose to $1,230 million (38.3% of total revenues), year-on-year growth of 38.4% andsequential growth of 10.7% in constant currency.

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    Infosys results for six ended September 30, 2019

    Revenues were ₹44,432 crore, growth of 11.8% YoY.  Operating profit was ₹9,383 crore, decline of 0.5% YoY. Operating margin was 21.1%.Basic EPS was ₹18.28, growth of 2.9% YoY.

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    16:03 (IST)11 Oct 2019
    Infosys Q2 results meet estimates-- key highlights

    Q2 20 revenues grew year-on-year by 9.8% in INR; 11.4% in constant currency• Q2 20 revenues grew sequentially by 3.8% in INR; 3.3% in constant currency• Q2 20 Digital revenues at $1,230 million (38.3% of total revenues), year-on-year growth of 38.4% andsequential growth of 10.7% in constant currency

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