NEW DELHI: IT main Infosys on Tuesday reported a web profit of Rs four,110 crore in the second one quarter ending September 30. On year-on-year (y-o-y) basis, Infosys' profit rose 10.3 per cent from Rs 3,726 crore posted in the similar length closing year.
The Bengaluru-headquartered corporate posted a 17.3 per cent upward thrust in income from operations to Rs 20,609 crore in Q2.
Analysts had on average anticipated a profit of Rs four,051 crore, according to I/B/E/S data from Refinitiv.
The nation's No. 2 tool products and services exporter, has additionally declared an period in-between dividend of Rs 7 per equity share. Record date for period in-between dividend has been fixed on October 27 and October 30 will be the payment date, Infosys stated in a observation to stock exchanges.
Infosys retained guidance for full-year (FY'19) income enlargement of 6-Eight percent in consistent forex phrases, in step with broker expectancies.
"We are delighted with our broad-based growth across all business segments and geographies during the quarter. This is a testimony to our strong client relationships, digital led full service capabilities, and intense focus on the needs of our clients," stated Salil Parekh, chief govt and managing director, Infosys.
"Large deal wins at over $2 billion during the quarter demonstrate our increased client relevance and also give us better growth visibility for the near-term," he added.
On dispute over former chief monetary officer (CFO) Rajiv Bansal's pay settlement, the company stated that "it has received legal advice and will comply with the award and make the necessary payments."
Infosys had lost the arbitration over the severance bundle to Bansal and were requested to pay outstanding quantity of Rs 12.17 crore with passion.
The Bengaluru-headquartered corporate posted a 17.3 per cent upward thrust in income from operations to Rs 20,609 crore in Q2.
Analysts had on average anticipated a profit of Rs four,051 crore, according to I/B/E/S data from Refinitiv.
The nation's No. 2 tool products and services exporter, has additionally declared an period in-between dividend of Rs 7 per equity share. Record date for period in-between dividend has been fixed on October 27 and October 30 will be the payment date, Infosys stated in a observation to stock exchanges.
Infosys retained guidance for full-year (FY'19) income enlargement of 6-Eight percent in consistent forex phrases, in step with broker expectancies.
"We are delighted with our broad-based growth across all business segments and geographies during the quarter. This is a testimony to our strong client relationships, digital led full service capabilities, and intense focus on the needs of our clients," stated Salil Parekh, chief govt and managing director, Infosys.
"Large deal wins at over $2 billion during the quarter demonstrate our increased client relevance and also give us better growth visibility for the near-term," he added.
On dispute over former chief monetary officer (CFO) Rajiv Bansal's pay settlement, the company stated that "it has received legal advice and will comply with the award and make the necessary payments."
Infosys had lost the arbitration over the severance bundle to Bansal and were requested to pay outstanding quantity of Rs 12.17 crore with passion.
Infosys net profit rises 10.3% to Rs 4,110 crore in Q2
![Infosys net profit rises 10.3% to Rs 4,110 crore in Q2]()
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October 16, 2018
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