Infosys Q2 results: India’s 2nd largest IT services company reports 5% YoY rise in profit; announces Rs 21 per share interim dividend – Times of India
Infosys Q2 results: Infosys, India’s second-largest software exporter, announced a 5% increase in its consolidated net profit for the second quarter, reaching Rs 6,506 crore compared to Rs 6,212 crore in the same period last year. The company has also revised its revenue guidance for the fiscal year 2025 to a range of 3.75% to 4.5%.
In the second quarter, Infosys’ revenue from operations grew by 5% year-on-year to Rs 40,986 crore.The upward revision in revenue guidance for the fiscal year is attributed to the ramp-up of mega deals. Previously, the company had provided a revenue growth guidance of 3-4% for FY25.
Salil Parekh, CEO and MD of Infosys, said, “We had strong growth of 3.1% quarter-on-quarter in constant current in Q2. The growth was broad-based with good momentum in financial services.”
The company’s revenue for the quarter increased by 3.3% year-on-year in constant currency terms and 3.1% quarter-on-quarter. However, operating margins experienced a slight decline of 0.1% year-on-year and remained flat quarter-on-quarter.
Along with the announcement of its second-quarter results, the board of Infosys has declared an interim dividend of Rs 21 per share for eligible shareholders. The record date for the dividend has been set as October 29, and the payout date is scheduled for November 9.
