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Infosys Q2 Net Profit Dips 2.2%; Announces Interim Dividend
On Friday, Infosys Ltd reported a 2.2 percent drop in consolidated net profit on a year-on-year basis at Rs 4,019 crore for the second quarter of the financial year 2019-20. For the same period of the previous year, its profit stood at Rs 4,110 crore. From the June-ended quarter, the profit sees a 6 percent increase.
The Bengaluru-based IT major saw a 9.9 percent jump in revenue in US dollar terms for the July-September period from the same quarter of the previous year.
Its total income for the quarter under review rose to Rs 23,255 crore from Rs 21,348 crore last year.
Operating margin for the September-ended quarter was lower at 21.70 percent as against 23.70 percent last year. Its operating profit rose 0.40 percent to Rs 4,912 crore over Rs 4,894 crore a year ago.
Infosys increased the lower-end of revenue guidance for the financial year 2019-20 to 9-10 percent in constant currency terms from 8.5-10 percent.
The company sees its operating margin guidance at 21-23 percent for the financial year 2019-20.
Infosys signed deals worth $2.8 billion during the September quarter.
Interim Dividend
The company announced an interim dividend of Rs 8 per equity share. It has fixed 23 October as the record date for interim dividend and 30 October as payment date.
Share price
Shares of Infosys closed 4.08 percent higher at Rs 815 on NSE, ahead of the results. The company's quarterly results were declared after market hours.
