Infosys' expected quarterly net profit fell two per cent to Rs 4019 crore.

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(Commerce Rep) Mumbai, Ta. 11 October 2019, Friday

IT-Software Services giant Infosys Limited has announced the expected results for the second quarter ending September 1, 2015. The net profit of the company has decreased by 5% to Rs. 1 crore compared to the same period last year. That was Rs 1 crore in the same period last year. Analysts expect the net profit to be around Rs 1 crore.

The total revenue of the company has increased from Rs. Salil Parekh, MD and CEO of Infosys, said, "The company's performance has been good on all fronts, including revenue growth, digital growth, operating margins, operating efficiencies, big deals and reduced attrition."

A company that is customer-centric and has made great strides in maximizing value for our stakeholders.

Meanwhile, the company has lowered its revenue estimates for the end of fiscal year 1. The revised estimates are estimated at 3-5% in the form of Constant Currency. The operating margin is estimated to be in the range of 1 to 5 percent. Infosys, the second-largest IT exporter, has announced a dividend of Rs 1 per share for its shareholders.

The operating margin of the company has been reduced from 8.5 percent in the first quarter of September to 8.4 percent. Operating profit increased by 8.5 percent to Rs 1 crore. The company has received a major deal worth $ 1.8 billion.


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