Infosys Q2 Results 2022-23: Key Takeaways

Infosys Ltd reported quarterly numbers for the period ending June 30, 2022 that were largely in line with estimates, with net profits growing 11%. The company has announced a decent dividend and buyback of shares as well.

Here are a few takeaways from the Infosys results for the quarter ending June 30, 2022.

1) Board Approves Buyback Of Rs 9300 Crores, Declares Interim Dividend
The Board of Infosys Ltd has approved a proposal for the Company to buyback its own fully paid- shares aggregating up to Rs 9,300 crore.

2) Board declares an interim dividend of Rs 16.50 per share

Infosys board has announced an interim dividend of Rs 16.50 per share, an increase of 10% over FY 22 interim dividend of last year.

3) Revenues see good growth

The revenues in constant currency terms grew by 18.8% YoY and 4.0% QoQ

4) Operating margins expand

Operating margins in Q2 ending June 30, 2022 expanded sequentially by 150 basis points.

5) Revenue guidance raised

The company has revised revenue guidance of 15%-16% for FY 23.

6) Dollar revenues up

The company's dollar revenue was up 2.5% at $4,555 m as compared to $4,444 m in the previous quarter (QoQ)

7) Digital revenues surge

Digital revenues at 61.8% of total revenues, YoY CC growth of 31.2%.

8) FCF at Rs 4,752 crore, decline of 9.9% YoY; FCF conversion at 78.9% of net profit.

"Operating margins in Q2 expanded sequentially by 150 bps, helped by our operational rigor. While supply side challenges are gradually abating as reflected in the reducing attrition rates, they continue to exert pressure on our cost structure", said Nilanjan Roy, Chief Financial Officer. "