Infosys Q2 profit up 11.9% to Rs 5421 cr, raises revenue forecast for FY22
Infosys increased the FY22 revenue growth guidance to 16.5-17.5 per cent. Previously, the company had guided to 14-16 per cent growth in constant currency terms for the fiscal ended March 2022.
- Country:
- India
India's second-largest IT services company Infosys on Wednesday said its consolidated net profit grew by 11.9 percent to Rs 5,421 crore for the September 2021 quarter.
Infosys had clocked a net profit of Rs 4,845 crore in the same period last fiscal, according to a regulatory filing.
The Bengaluru-based company saw its revenues rising by 20.5 percent to Rs 29,602 crore in the quarter under review (Q2FY22) from Rs 24,570 crore in the year-ago period. Infosys increased the FY22 revenue growth guidance to 16.5-17.5 percent. Previously, the company had guided to 14-16 percent growth in constant currency terms for the fiscal ended March 2022. ''Our stellar performance and robust growth outlook continue to demonstrate our strategic focus and the strength of our digital offerings,'' Salil Parekh, CEO and MD of Infosys said.
The Board has announced an interim dividend of Rs 15 per share for FY22, the company said in a statement.
''Our operating margins for Q2 were resilient; the impact of enhanced employee value proposition initiatives was offset by strong operating parameters, cost optimization, and operating leverage,'' Nilanjan Roy, Chief Financial Officer of Infosys said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- FY22
- India
- Nilanjan Roy
- Infosys
- Bengaluru
- MD of Infosys
ALSO READ
World Bank projects Indian economy to grow at 7.5% in 2024
Adani Green Energy becomes India's first company with 10,000 MW renewable energy capacity
World Bank projects India's growth to reach 7.6% in FY 23-24
"Today's action painting the canvas of tomorrow...": India's top diplomat highlights Akshaya Patra initiative at UN
Adani Green Energy becomes India's first to surpass 10,000 MW renewable energy