Infosys Q2 Net Profits At Rs 3398 Crores; CFO Bansal Resigns

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Infosys has reported Q2 results that beat expectations on almost all parameters including net profits, rupee revenues, dollar revenues and margins.

The net profit for the quarter ending Sept 2015 (Q2 2015) was placed at Rs 3398 crores, up 12 per cent and way ahead of street expectations of around Rs 3300 crores.

Infosys Q2 Net Profits At Rs 3398 Crores; CFO Bansal Resigns
Rupee revenues for Q2 2015 was placed at Rs 15,635 crores. The dollar revenue growth was also a healthy 2392 million, showing a growth of 6%.

Margins at the company also expanded at 25.5 per cent. The only drawback for the company was the resignation of COO, Rajiv Bansal.

Volume growth at the company also was a little disappointing. The shares of Infosys was down 3 per cent despite a good set of numbers, as most of the good numbers were factored into the price.

The board of the company has declared a dividend of Rs 10 per share.

"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 of Infosys.

Read more about: infosys
Story first published: Monday, October 12, 2015, 9:42 [IST]
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