Infosys Net up 10.3 Per Cent in Second Quarter

Bengaluru: Software major Infosys on Tuesday reported Rs 4,110 crore consolidated net profit for the second quarter of fiscal 2018-19, registering 10.3 per cent annual growth from Rs 3,726 crore in the same period a year ago and 13.8 per cent sequential growth from Rs 3,612 crore quarter ago. In a regulatory filing on the BSE, the city-based IT major said consolidated revenue for the quarter under review (Q2) grew 17.3 per cent annually to Rs 20,609 crore from Rs 17,567 crore in the like period year ago and 7.3 per cent sequentially from Rs 19,128 crore quarter ago. Under the International Financial Reporting Standard (IFRS), net income, however, was flat (0.5 per cent) annually at $581 million from $578 million year ago but up 8.8 per cent sequentially from $534 million quarter ago.

Revenue in dollar terms grew 7.7 per cent annually to $2,921 million from $2,728 million a year ago and 3.2 per cent from $2,832 million a quarter ago. The company, however, retained revenue guidance for the fiscal (FY 2019) at 6-8 per cent year-on-year (YoY) and operating marging at 22-24 per cent YoY. “Operating margin for the second quarter at 23.7 per cent is at higher end of our guidance range,” said the company in a statement. (IANS)