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Infosys Q2 results: Infosys Q2 Results: PAT rises 3% YoY to Rs 6,212 crore; firm trims FY24 revenue guidance

MUMBAI – Infosys on Thursday reported a 3% year-on-year (YoY) growth in consolidated net profit for the quarter ended September to Rs 6,212 crore. Consolidated revenue grew nearly 7% YoY to Rs 38,994 crore.

An ETNow poll saw the net profit and revenue at Rs 6,170 crore and Rs 38,350 crore, respectively.

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The board has recommended an interim dividend of Rs 18 per share.

In an unexpected move, the software major yet again tweaked its guidance for FY24. Infosys sees revenue growing 1.0-2.5% in constant currency terms in FY24, compared to 1.0-3.5% earlier.

While Infosys cut the upper end of its revenue growth guidance, the company retained its operating margin target of 20-22%.

Infosys Q2 Results Highlights

  • On a sequential basis, Infosys’ consolidated revenue grew nearly 3% and profit rose 4.5%
  • In constant currency terms, revenue grew 2.3% sequentially and 2.5% on a YoY basis
  • The company announced large TCV deals worth $7.7 billion for the quarter

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“We had our highest large deals value at $7.7 billion in Q2, spread across all verticals and geographies,” said Salil Parekh, CEO and MD of Infosys.“Strong H1 performance with significant large deal wins, builds a solid foundation for the future,” Parekh said.

More to come…

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