INSUBCONTINENT EXCLUSIVE:
Infosys' revenue from digital services came in at $1,230 million.Infosys, the country's second largest software services company, on
Friday reported a net profit of Rs 4,019 crore for the quarter ended September 30
That marked an increase of 5.8 per cent in its net profit compared with the previous quarter
Infosys' revenue from operations rose 3.78 per cent to Rs 22,629 crore in the second quarter of current financial year, from Rs 21,803 crore
The company clocked double-digit growth for the fourth consecutive quarter, coupled with a 1.2 per cent expansion in its operating margin in
the second quarter, Infosys said in a press release.The company raised the lower-end of its revenue guidance to 9 per cent from 8.5, and
maintained the upper-end at 10 per cent in constant currency terms
Infosys maintained its operating profit margin guidance in the range of 21 per cent to 23 per cent."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, chief executive officer and managing director, Infosys."All these are clear signs that we are progressing well in our
journey of client-centricity and maximizing value for our stakeholders," he added.Infosys said it signed large deals worth $2.8 billion
Its revenue rose 2.5 per cent in dollar terms sequentially, and 3.3 per cent in constant currency terms, to $3,210 million.Infosys' revenue
from digital services came in at $1,230 million which was 38.3 per cent of its total revenue."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 of
Infosys."Large deal wins were $2.8 billion
We are especially pleased by the reduction in attrition driven by our focus on enhanced employee value proposition," he added.Infosys shares
ended 4.19 per cent higher at Rs 815.70 apiece on the BSE ahead of the earnings announcement, outperforming the benchmark Sensex index which
gained 0.65 per cent.Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com
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