Infosys Q2FY21 Results: Key Takeaways

The IT bellwether with the easing of Covid 19 led disruption and wide adoption of digital technology has shown resilience in business on expected lines. Here are the key takeaways from the results released today:

Net profit:

Net profit at the company jumped year on year by 20.5 percent for the September ended quarter to Rs. 4845 crore. Income from operations also rose to Rs. 24570 crore.

Revised revenue as well as margin guidance amid record breaking deals cracked during Q2:

From the earlier pegged revenue guidance of 0-2%, the revised revenue guidance is now 2-3 percent for the complete FY21. The full year operating margin guidance has also been revised upwards to 23-24 percent from the earlier 21-23 percent.

Dividend:

The company declared a dividend of Rs. 12 per share as well as fixed October 26 as the record date for interim dividend and November 11 as payment date.

Pay hike to be made across levels effective January 1:

The company will also roll out salary hike and promotions across all levels effective January 1. There will be a special incentive for Q2 in particular together with the 100% variable pay. "Employees have been critical part of our success. As a recognition of their stellar performance, we are giving 100% variable pay along with a special incentive for Q2. Additionally, we are rolling out salary increases and promotions across all levels effective Jan 1st", added company's COO Pravin Rao.

Attrition:

Voluntary attrition at the company also inched lower from last year's levels of 18.3 percent to just 7.8%

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