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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Highlights

    17:46 (IST)11 Oct 2019
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    17:36 (IST)11 Oct 2019
    Infosys on the right track, CEO Parekh

    “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.

    17:26 (IST)11 Oct 2019
    Salil Parekh on Q2 results

    “Our performance was robust on multiple dimensions – revenue growth, digital growth, operating margins, operational efficiencies, large deal signings and reduction in attrition,” said MD and CEO Salil Parekh.

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    Sensex rebounds 247 pts as trade truce hopes lift world markets

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

    Analysts on average had expected a profit of 40.16 billion rupees. Indian software services exporters, including Infosys and Tata Consultancy Services, rely heavily on revenue from their clients in the West.

    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.

    16:41 (IST)11 Oct 2019
    Diwali bonanza for shareholders: After TCS, Infosys announces dividend; check record, payment dates

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    16:17 (IST)11 Oct 2019
    Infosys announces interim dividend of Rs 8

    Infosys declares an interim dividend of Rs 8/- per equity share. Fixed October 23, 2019 as record date for interim dividend and October 30, 2019 aspayment date.

    16:14 (IST)11 Oct 2019
    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.

    16:06 (IST)11 Oct 2019
    Infosys posts robust deal wins at $2.8 billion

    “Q2 witnessed another quarter of all-round growth in industry segments and geographies which is a testimony to our strong credentials and client relevance”, said Pravin Rao, COO. “Large deal wins were $2.8 bn. We are especially pleased by the reduction in attrition driven by our focus on enhancedemployee value proposition.”

    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

    15:44 (IST)11 Oct 2019
    BSE live: Infosys ends 4% higher ahead of Q2 results; Sensex closes 246 points up

    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. 

    14:41 (IST)11 Oct 2019
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    13:10 (IST)11 Oct 2019
    TCS share price plunges after tepid Q2 results; should you buy or sell stock?

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    11:50 (IST)11 Oct 2019
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    11:42 (IST)11 Oct 2019
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    11:13 (IST)11 Oct 2019
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    11:01 (IST)11 Oct 2019
    BSE live: TCS, Yes Bank share plunge up to 5%; Sensex erases gains, Nifty near 11,200

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    10:47 (IST)11 Oct 2019
    National Pension System: Get Rs 45 lakh cash + Rs 22,000 monthly pension with Rs 5000/month

    Planning to save for retirement? You can try government-backed National Pension System (NPS). Any citizen of India aged between 18-65 years can join the NPS as an individual or as employee-employer groups after submitting required information and Know Your Customer (KYC) documentation. The accumulation of wealth under NPS depends on factors like the amount of investment, the term of investment and income generated in the invested amount. NPS investment is managed by PFRDA-approved Pension Funds. These have been set up as per the investment guidelines of the PFRDA.

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    10:39 (IST)11 Oct 2019
    Smart move by Reliance Jio, others should have emulated it

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    10:33 (IST)11 Oct 2019
    Rupee rises 27 paise to 70.80 against US Dollar in early trade

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    09:56 (IST)11 Oct 2019
    EXPLAINED: Why dairy industry wants its products out of RCEP deal

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    09:55 (IST)11 Oct 2019
    Asian shares firm as “very good” trade talks boost risk appetite

    Asian shares and U.S. stock futures rose on Friday after U.S. President Donald Trump said he would meet with China’s top trade negotiator, while sterling retreated after rallying on revived hopes of a possible Brexit deal. Investors’ renewed appetite for riskier assets weighed on the safe-haven yen and U.S. Treasury prices, while oil stayed firm on comments about possible supply cuts from the head of OPEC.

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    09:44 (IST)11 Oct 2019
    Donald Trump says US-China trade talks are ‘going very well’

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    09:30 (IST)11 Oct 2019
    BSE live: Sensex trades higher after optimistic US-China trade talks; TCS, IndusInd Bank shares down

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    09:14 (IST)11 Oct 2019
    TCS announces Rs 45 as dividend; Q2 result in a nutshell

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    08:53 (IST)11 Oct 2019
    Slowdown not the end of the world, higher DA will spur growth; says Nestle

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    08:52 (IST)11 Oct 2019
    Ranbaxy’s ex-promoter Shivinder Singh arrested in fraud case; search on for Malvinder

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    08:51 (IST)11 Oct 2019
    Trai likely to stick to 6 paise/minute IUC rate for two more years

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    08:50 (IST)11 Oct 2019
    Falling GST collections: Govt reinforces steps to check evasion, broaden tax base

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    08:49 (IST)11 Oct 2019
    Reliance Jio’s move to pass on IUC to customers may see telecom charges rise across sector

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