Q2 revenue growth 14.2% yoy in constant currency
TCV of large deals signed in Q2 at $ 983 mn
Interim dividend of INR 10 per share (app. $ 0.15 per ADS)
FY 16 revenue guidance at 10%-12% in constant currency; 6.4%-8.4% in USD terms
*Excluding acquisitions
Financial Highlights
Consolidated results under International Financial Reporting Standards (IFRS) for the quarter ended September 30, 2015
Quarter ended September 30, 2015
- Revenues were $ 2,392 million for the quarter ended September 30, 2015
QoQ growth was 6.0% in reported terms; 6.9% in constant currency terms
YoY growth was 8.7% in reported terms; 14.2% in constant currency terms
- Net profit was $ 519 million for the quarter ended September 30, 2015
QoQ growth was 9.1%
YoY growth was 1.6%
- Earnings per share (EPS) was $ 0.23 for the quarter ended September 30, 2015
QoQ growth was 9.1%
YoY growth was 1.6%
- Liquid assets including cash and cash equivalents, available-for-sale financial assets and government bonds were $4,894 million as on September 30, 2015 as compared to $4,750 million as on June 30, 2015
- The Board of Directors declared an interim dividend of INR10 per share (equivalent to app. $ 0.15 per ADS at the exchange rate of INR 65.59). The record date for payment of dividend is October 19, 2015.
- Infosys spent $9 million in Q2, towards Corporate Social Responsibility (CSR) which is primarily being carried out through the Infosys Foundation, its philanthropic arm. The Infosys Foundation is engaged in several programs aimed at alleviating hunger, promoting education, computing literacy, improving health, assisting rural development, supporting arts and helping the destitute
Other Q2 Highlights
- Per capita revenue increased by 2.6% in reported terms and 3.4% in constant currency terms
- 5 large deals signed with TCV of $ 983 mn
- Added 82 clients; total number of clients crosses 1,000
"We are experiencing a once-in-a-generation opportunity for a services company to help businesses maximize their potential with technology. From automation and AI helping to simplify and enable existing landscapes as well as build intelligent systems that help us solve our most complex emerging problems, to education and design helping us to rethink the human experience and helping uncover our most important horizons, a great services organization can truly partner with and amplify businesses," said Dr. Vishal Sikka, CEO and MD. "At Infosys, we are taking steps towards becoming such a services organization, and I am encouraged by our progress. While results in any one quarter are transitory snapshots of a long journey, we do see our focused execution along our strategy starting to produce encouraging results for our clients, shareholders and Infoscions."
We had strong all-round growth during the quarter driven by recent initiatives around service differentiation, improvement in client mining and higher focus on winning large deals," said Mr. U. B. Pravin Rao, COO. "Increase in revenue productivity was significant, volume growth was robust, client metrics and utilization improved while attrition remained stable."
"Our relentless focus on operational efficiencies has resulted in increase in operating margins despite higher variable payouts," said Rajiv Bansal, CFO. "The impact of significant currency volatility was effectively mitigated by our proactive hedging program."
PRNewswire
