CONNECT WITH US
Tech

Tech

Infosys Q2 Results: Profit rises 6% YoY to Rs 7,823 crore; co lowers revenue guidance

The Economic Times – IT logo

Published on

Add as a preferred source on Google
Infosys Q2 Results: Profit rises 6% YoY to Rs 7,823 crore; co lowers revenue guidance

Business News Tech IT Infosys Q2 Results: Profit rises 6% YoY to Rs 7,823 crore; co lowers revenue guidance

Infosys Q2 Results: Profit rises 6% YoY to Rs 7,823 crore; co lowers revenue guidance

Infosys Q2 Results: IT services major Infosys Ltd on Friday reported 6% year-on-year (YoY) growth in its consolidated net profit at Rs 7,823 crore in the second quarter. The same stood at Rs 7,364 crore in the year-ago period. The company has trimmed its revenue growth guidance to 1-2% in constant currency for FY27 as against 1.5-3% given earlier.

IT services major Infosys Ltd on Friday reported 6% year-on-year (YoY) growth in its consolidated net profit at Rs 7,823 crore in the second quarter of FY27. The same stood at Rs 7,364 crore in the year-ago period. The company has trimmed its revenue growth guidance to 1-2% in constant currency for FY27 as against 1.5-3% given earlier. Revenue from operations in the reporting period increased 11% YoY to Rs 49,244 crore. The company has also declared an interim dividend of Rs 26 per share and fixed November 3, 2026 as a record date for the same.

Catch all the latest updates on Infosys Q2 Results here Infosys cited a challenging demand environment as a reason for lowering its guidance. The Bengaluru-based company retained its operating margin guidance of 20-22% for the full financial year. The results were broadly in line with Street expectations on revenue, although profit growth came below estimates. An average of seven brokerages had projected an 11% rise in revenue and an 8% increase in net profit for the quarter.


Source link
Related Topics:Tech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.