• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

IT Major Infosys Logs 4.7 Pc Increase In Q2 Net Profit At Rs 6,506 Crore

OMMCOM NEWS by OMMCOM NEWS
October 30, 2024
in Business

New Delhi:  IT major Infosys on Thursday reported a 4.7 per cent increase in net profit (year-on-year) in the July-September period (Q2 FY25) to Rs 6,506 crore from Rs 6,212 crore in the year-ago quarter.

The IT bellwether’s revenue SITUS TOTO clocked a growth of over 4 per cent (quarter-on-quarter) at Rs 40,986 crore from Rs 38,994 crore in the same quarter last fiscal.

Infosys has also raised its full-year revenue growth guidance to 3.75-4.5 per cent.

The company declared an interim dividend of Rs 21 per share (a 16.7 per cent increase from last year) and fixed November 8 as the payout date. The H1 FY25 revenues grew at 2.9 per cent (year-over-year) in constant currency. Operating margin for H1 was at 21.1 per cent.

“We had strong growth of 3.1 per cent quarter-on-quarter in constant current in Q2. The growth was broad-based with good momentum in financial services,” Infosys CEO and MD Salil Parekh said.

Free cash flow for Q2 was at $839 million, growing 25.2 per cent (year-on-year). The total contract value (TCV) of large deal wins was $2.4 billion, 41 per cent being net new.

“We continue to focus on accelerating revenue growth with a sharp focus on margin performance. Operating margins for the quarter was at 21.1 per cent, driven by continued benefits from value-based pricing and utilisation despite higher employee payouts,” CFP Jayesh Sanghrajka said.

“Our focus on cash generation resulted in another quarter of over 100 per cent free cash flow conversion to net profits,” Sanghrajka added.

In the quarter, Infosys announced that it has entered into a long-term collaboration with Metro Bank to enhance some of its IT and support functions, while digitally transforming the bank’s business operations. The company also announced a strategic collaboration with Proximus to help unlock new business opportunities.

(IANS)

Tags: Infosys
ShareTweetSendSharePinShareSend
Previous Post

‘He’s Got A Bit Of Swelling On It’: Rohit On Pant After Blow To Knee

Next Post

Introduction Of National Sports Governance Bill Will Give A New Life To Indian Sports: Kalyan Chaubey

Related Posts

RBI
Business

RBI’s New Project Finance Directions To Cushion Banks Against Risk: Report

June 26, 2025
Sensex
Business

Sensex Surges 1,000 Points, Banking And Heavyweight Stock Gain

June 26, 2025
Narendra modi
Business

Foxconn Bets Big On India As Global Tech Giants Diversify Supply Chains

June 26, 2025
SEBI
Business

SEBI Imposes Rs 25 Lakh Penalty On BSE For Breach Of Norms

June 25, 2025
Foreign Direct Investment Confidence Index
Business

India’s FDI Inflows Surge To $8.8 Billion In April

June 25, 2025
Reserve Bank of India
Business

Microfinance Sector Needs To Introspect, Avoid Harsh Coercive Recovery Practices: Rajeshwar Rao

June 25, 2025
Next Post

Introduction Of National Sports Governance Bill Will Give A New Life To Indian Sports: Kalyan Chaubey

Reserve Bank of India

RBI Bars Navi Finserv, DMI Finance And 2 Other NBFCs From Loan Sanction, Disbursal

Agartala-Mumbai Express Train Derails In Assam's Dima Hasao District, No Casualties

khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.