Infosys Ltd, the second-largest software services exporter, announced its quarterly results for the period ending in September. The company reported a net profit of ₹6,212 crore, accompanied by a 7 per cent increase in revenue. Additionally, Infosys declared an interim dividend of ₹18 per share, representing a 9.1 per cent increase compared to the previous year.
“We had our highest large deals value at $7.7 billion in Q2 spread across all verticals and geographies. This, in an uncertain macro-environment, is a testament to our ability to pivot and stay relevant to the evolving client needs, by delivering the benefits of transformation as well as productivity and cost savings at scale”, said Salil Parekh, CEO and MD.
Infosys has revised its full-year revenue growth forecast, now expecting it to range from 1 per cent to 2.5 per cent on a constant currency basis. This update is a slight adjustment from its previous estimate of 1 per cent to 3.5 per cent. The IT company has retained its operating margin guidance in the range of 20 per cent to 22 per cent.
Nitin Paranjpe, the non-executive chairperson of Hindustan Unilever Limited is appointed as an independent director of Infosys.
Infosys has declared an interim dividend of ₹18 per equity share carrying a face value of ₹5 each. It has fixed October 25, as the record date for the interim dividend and November 6, as the payout date.
Ahead of the Q2 results, shares of Infosys settled 1.95 per cent lower at ₹1,464.55 apiece on the Bombay Stock Exchange.
This is a developing story. Please get back to check for updates.