Infosys Quaterly Result
Published On: Wednesday, October 13, 2021 | By: Team KnowMyStock
The country's second-largest IT services company Infosys reported consolidated profit at Rs 5,421crore in the quarter ended September 2021 quarter, up 12 percent year on year. It was ₹4,845 crores in the year-ago period and sequentially grew by 4.3 percent from ₹5,195 crores in the June quarter. Revenue for the quarter was up 20 percent at Rs 29,602 crore, from Rs 24,570 crore in the year-ago period. The company has revised the revenue guidance for FY22 to 16.5%-17.5% but retained the margin guidance at 22%-24%. The Board has also approved an interim dividend of ₹15 per equity share.“Our stellar performance and robust growth outlook continue to demonstrate our strategic focus and the strength of our digital offerings,” said Salil Parekh, CEO at Infosys in a press statement. Parekh said that the continued momentum in the business has given Infosys the confidence to raise its guidance for growth in revenues in 2021-22 to 16.5-17.5 percent from 14-16 percent earlier
Infosys has also recorded deal wins worth $2.15 billion in the September quarter as it continued to see strong client spending on digital transformation.
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