New Delhi: IT major Infosys has announced a 4.7% year-on-year increase in consolidated net profit, reaching Rs 6,506 crore for the July-September quarter (Q2) of the financial year 2024-25, compared to Rs 6,212 crore in the same period last year.
In a regulatory filing, Infosys reported revenues of Rs 40,986 crore for Q2, marking a 5.1% growth from Rs 38,994 crore in the previous year. The company’s board has approved an interim dividend of Rs 21 per equity share, with October 29, 2024, set as the record date and November 8, 2024, as the payout date.
Salil Parekh, CEO and Managing Director, highlighted a quarter-on-quarter growth of 3.1% in constant currency, driven by strong performance in financial services and enhanced capabilities in cloud and generative AI. He noted, “The growth was broad-based, reflecting our industry expertise and client preference to partner with us.”
The operating margin for Infosys was reported at 21.1%, a slight decline of 0.1% year-on-year but flat sequentially. CFO Jayesh Sanghrajka emphasized the company’s focus on revenue acceleration and margin performance, stating that operating margins benefited from value-based pricing and high utilization rates, despite increased employee payouts. The company also achieved over 100% free cash flow conversion to net profits for the quarter.