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Infosys Q2 net profit rises to Rs. 2,407 crore
Highlights
Infosys Q2 Net Profit Rises To Rs. 2407 Crore. IT major Infosys on Friday reported a 1.6 per cent rise in consolidated net profit to Rs. 2,407 crore for the second quarter ended September 30, 2013.
IT major Infosys on Friday reported a 1.6 per cent rise in consolidated net profit to Rs. 2,407 crore for the second quarter ended September 30, 2013.
The Bangalore-based firm had reported a net profit of Rs 2,369 crore in the year—ago period, it said in a BSE filing.
Consolidated revenue was up 31.5 per cent to Rs. 12,965 crore from Rs. 9,858 crore in the year-ago period.
Reacting to the results, Infosys’ shares opened 7 per cent higher at Rs. 3,360 from the previous close on the BSE. They later fell to Rs. 3,220 apiece, still up by 3.07 per cent from its previous close.
The IT firm, which had kept its US dollar revenue guidance unchanged after the first quarter results, revised it upwards to 9-10 per cent for the 2013-14 fiscal from 6-10 per cent earlier.
It also revised rupee revenue guidance to 21-22 per cent for the 2013-14 fiscal from 13-17 per cent earlier.
“During the quarter, we witnessed broad-based volume growth, robust client additions, five large deal wins and increased sales momentum of our big data and cloud offerings.
This growth is a result of our focus on execution, which helps our clients achieve their objectives,” Infosys CEO and Managing Director S.D. Shibulal said.
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