Infosys Q2 net profit jumps 3% to Rs 6,212 crore; firm declares dividend of Rs 18 per share

Infosys' revenue from operations in the July-September quarter jumped year-on-year (YoY) 7.5 per cent to Rs 11,963 crore, from Rs 11,126 crore.

IT major Infosys Ltd on Thursday reported a 3.2 per cent jump in its second quarter net profit to Rs 6,212 crore, on a yearly basis. (File image)

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IT major Infosys Ltd on Thursday reported a 3.2 per cent jump in its second quarter net profit to Rs 6,212 crore, on a yearly basis. The Bengaluru-based company had reported a net profit of Rs 6,021 crore in the same quarter in FY23.

On a sequential basis, Infosys’ net profit jumped 4.5 per cent from Rs 5,945 crore.

Infosys’ revenue from operations in the July-September quarter jumped year-on-year (YoY) 7.5 per cent to Rs 11,963 crore, from Rs 11,126 crore. On a quarterly basis, the IT giant’s revenue jumped 2.8 per cent from Rs 37,933 crore in the April-June period.

The firm declared an interim dividend of Rs 18 per equity share. Infosys has fixed October 25, 2023, as the record date for the interim dividend and November 6, 2023, as the payout date.

Infosys CEO and MD Salil Parekh said, “We had our highest large deals value at USD 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,” he added.

Infosys revised its FY24 revenue guidance to 1-2.5 per cent from 1-3.5 per cent earlier, while it retained its operating margin guidance at 20-22 per cent.