New Delhi: Infosys announced its July to September quarter results for fiscal 2024-25 reporting a rise of 4.7% in consolidated net profit at Rs.6,506 crore, compared to Rs.6,212 crore in the corresponding period last year. India’s second-largest information technology service provider’s revenue from operations in the second quarter of the current fiscal rose by 5.1% to Rs.40,958 crore, compared to Rs.38,994 crore in the year-ago period.
They had a growth of 3.1% quarter on quarter in constant current in Q2, the growth was broad-based, with good momentum in financial services. This stems from our strength in industry expertise, market-leading capabilities in the cloud with Cobalt, and generative AI with Topaz, resulting in growing client preferences to partner with them by Salil Parekh, CEO and Managing Director of Infosys. Along with the quarterly results, the company also announced an interim dividend of Rs.21 per share and set October 29 as the record date for this dividend.
Their focus on cash generation resulted in another quarter of over 100% free cash flow conversation to net profits and Jayesh Sanghrajka, CEO of Infosys. In the first half, revenues grew by 2.9% year on year in constant currency, while operating margins for the same period stood at 21.1%, reflecting a growth of 0.1% year on year. Segment-wise, the financial services sector recorded revenue growth of 2.8% YoY and 2.5% in constant currency terms, the manufacturing and energy and utilities segments reported revenue growth of 12.3% and 10.9% respectively, in the September quarter. Meanwhile, the retail and life sciences segments lagged, experiencing a decline in revenues during the quarter.
About Infosys:
Infosys Limited is an Indian multinational technology company that offers business consulting, information technology, and outsourcing services. Founded in Pune the company is headquartered in Banglore On 24 August 2021, Infosys became the fourth Indian company to achieve a market capitalization of US$100 billion. It is recognized as one of the leading Big Tech companies. As of 31 March 2024, Infosys is the second-largest Indian IT company by revenue and the third-largest Indian company by market capitalization.
