IT major Infosys reported a better-than-expected three per cent year-on-year (YoY) growth in consolidated net profit to Rs 6,212 crore for the second quarter of FY24.
The consolidated revenue of the company rose nearly 7 per cent YoY to Rs 38,994 crore.
In constant currency terms, the company's revenue grew 2.3% per cent sequentially and 2.5 per cent on a YoY basis.
The operating margin rose by 40 basis points sequentially to 21.2 per cent.
The company has revises revenue growth guidance for FY24 to 1-2.5 per cent from 1-3.5 per cent given earlier.
The company also announced an interim dividend of Rs 18 per share. It has fixed October 25, 2023, as the record date for the interim dividend and November 6, 2023, as the payout date.
Infosys CEO & MD Salil Parekh said the company had its 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.”
“Our Q2 operating margin of 21.2 per cent demonstrates the early benefits of recently unveiled margin improvement plan and is a clear reflection of our ability to continuously identify opportunities for improving operational efficiencies,” CFO Nilanjan Roy said.
On Thursday, shares of Infosys fell 2.29 per cent amid expectations of a muted quarterly results.
