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
24 October, 2018 04:18 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
Comment
Security Code type    into this box
Related Articles
Zydus receives USFDA's final approval for Clobazam tablets - 23-Oct-2018 15:01
Ahluwalia Contracts wins new orders of worth Rs 5.38 bn - 23-Oct-2018 11:58
PNB Housing Finance raises Rs 17.75 bn through commercial papers - 23-Oct-2018 10:22
White Organic Agro bags additional orders from Innovative Cuisine - 23-Oct-2018 10:16
Himachal Futuristic Communications secures order worth Rs 3.66 bn - 23-Oct-2018 10:07
Lupin gets nod for generic Triamcinolone Acetonide ointment - 23-Oct-2018 10:00
ITD Cementation India bags orders worth Rs 10.66 bn - 23-Oct-2018 09:35
Biocon, Mylan announce positive CHMP Opinion for Ogivri - 22-Oct-2018 10:28
Lupin announces positive CHMP opinion for NaMuscla - 22-Oct-2018 09:51
Tejas Networks bags Rs 1.11 bn order from Sterlite Technologies - 22-Oct-2018 09:45
Alembic Pharma' JV completes USFDA inspection of Karakhadi unit - 22-Oct-2018 09:41
more...
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