Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
25 April, 2018 04:37 IST
Infosys Q2 profit rises 7% q-o-q to Rs 37.26 bn
Source: IRIS | 24 Oct, 2017, 04.07PM
Comments  |  Post Comment

Infosys, India's second largest software exporter, announced a rise in consolidated net profit for the quarter ended September 2017. During the quarter, the profit of the company rose 3.4% to Rs 37.26 billion from Rs 36.06 billion in the same quarter last year. On sequential basis, the company registered rose of 7% in the net profit.
Revenues for the quarter rose 1.5% to Rs 175.67 billion, compared with Rs 173.10  billion for the prior year period. On sequential basis, the company registered rose of 2.9% in the revenues.

The company's outlook (consolidated) for the fiscal year ending March 31, 2018 revenues are expected to grow 5.5%-6.5% in constant currency; revenues are expected to grow 6.5%-7.5% in USD terms based on the exchange rates as of September 30, 2017.

''We continue to focus on executing on the theme of software enabled services and on accelerating growth of our new services portfolio,'' said U B Pravin Rao, Interim CEO and Managing Director. ''During the quarter, we responded quickly to the management and Board changes through proactive communication with all stakeholders minimizing any negative impact to the business and allowing us to deliver growth across all our large industry units.''

''Our focus on improving operational efficiencies enabled us to deliver stable margins in the quarter and at the same time provide compensation increases and higher variable payouts to our employees,'' said M. D. Ranganath, CFO. ''We have taken several steps during the quarter towards our capital allocation policy covering Rs 130 billion share buyback, coupled with interim dividend of '13 per share for enhancing shareholder returns.''

Shares of the company declined Rs 12.9, or 1.37%, to settle at Rs 926.75. The total volume of shares traded was 445,195 at the BSE (Tuesday).

Infosys Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Security Code type    into this box
Related Articles
Thomas Cook signs an MoU with Tourism NZ and Immigration NZ - 24-Apr-2018 16:08
Network18 Media & Investments loss widens in Jan-Mar quarter - 24-Apr-2018 15:06
Coromandel International quarterly profit plunges 49% - 24-Apr-2018 14:55
TCS signs ICT infrastructure contract with Bonnier AB - 24-Apr-2018 12:37
Jet Airways signs codeshare pact with Aeromexico - 24-Apr-2018 10:24
Bharti Airtel announces plans for massive network expansion in Gujarat - 24-Apr-2018 10:16
Hindustan Copper signs MoU with MOIL - 24-Apr-2018 10:01
Alembic Pharma announces USFDA inspection of API facility - 24-Apr-2018 09:48
Bharti Infratel quarterly profit climbs 1.58% - 23-Apr-2018 18:10
Mahindra Powerol launches new range of high power diesel generators - 23-Apr-2018 13:36
Gujarat Ambuja Exports completes 1st phase of greenfield maize processing plant - 23-Apr-2018 12:58
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer