Infosys Ltd reported a 2.2% quarter-on-quarter increase in its net profit for Q2 FY25, reaching ₹6,506 crore, missing estimates. The company also posted a healthy revenue growth of 4.2% on-quarter, bringing total revenue to ₹40,986 crore for the July-September period.
The company raised its full-year revenue growth guidance to 3.75-4.5%, building on the earlier surprise hike to 3-4% announced in July. Infosys also declared an interim dividend of ₹21 per share, with October 29 as the record date and November 8 for payout.
Also read Central Bank of India Q2 Profit Soars 51% on Lower Provision!
Infosys’ operating margin for Q2 FY25 remained steady at 21.1%. The total contract value (TCV) for large deals signed during the quarter stood at $2.4 billion, reflecting the company’s strong deal pipeline and continued growth in the IT services sector.
The EBIT margin or operating margin remained flat at 21.1%. This performance was supported by cost optimization strategies, improved utilisation rates, and lower onsite costs. The company’s efficiency initiatives helped maintain its profitability despite challenging market conditions.
Also read: Temasek Acquires 17-18% Stake in VFS Global for $950M
Infosys retained its operating margin guidance in the range of 20-22% for FY25, reflecting confidence in sustaining operational efficiencies. This aligns with the company’s ongoing efforts to optimise costs and improve overall productivity in the face of global economic challenges.