Infosys Q2 Results 2022 OUT @13 OCT Live Updates FY23 revenue Quarterly Results

Infosys Q2 Results OUT Live Updates FY23 revenue Check NET Profit | infosys quarterly results q2 2022 date: 13.10.2022 | Check infosys results q2 2023 @www.infosys.com/q2-oct13-2022.pdf

Infosys to Announce Second Quarter Results on October 13, 2022

Infosys Q2 Results: Profit rises 11%, share buyback Published; raises FY23 revenue guidance

The second-ranked IT company in India, Infosys Ltd, released its financial results for the current fiscal year’s second quarter, or Q2 FY23, on Thursday after market hours. Along with a 9.3 billion rupee share buyback and a 16.5 rupee interim dividend, the business has also announced. Ahead of its Q2 release, Infosys shares finished approximately 0.7% down.

– India grew by 36.4% YoY in constant currency

-Europe grew by 28.5% YoY in constant currency

– North America grew by 15.6% YoY in constant currency

-FY23 Revenue growth guidance changed to 15%-16% in constant currency terms

-FY 23 Operating margin guidance changed to 21% to 22%

-Revenues at Rs.36,538 crores; YoY growth of 23.4% in reported terms

-Operating profit at $979 million; YoY growth of 4.0%

– Operating profit at Rs.7,873 crore; YoY growth of 12.9%

-Operating margin at 21.5%

-Net profit was $748 million for the quarter ended Sep 30, 2022

-Net profit was Rs.6,021 crores for the quarter ended Sep 30, 2022

-Basic EPS was $0.18 for the quarter ended Sep 30, 2022

-Basic EPS was Rs.14.35 for the quarter ended Sep 30, 2022

-103 new clients added in Q2FY23; client count 1,779

-Added 4 new clients in $100 mn+ client category, YoY

-Utilization including trainees at 76.6%; utilization excluding trainees at 83.6%

-Voluntary attrition for IT services increased to 27.1%

-345,218 employees, as on Sep 30, 2022

-Vertical Metrics: Financial Services grew by 11.5% YoY in constant currency

-Vertical Metrics: Communication grew by 18.4% YoY in constant currency

-Vertical Metrics: EURS grew by 24.3% YoY in constant currency

-Vertical Metrics: Manufacturing grew by 45% YoY in constant currency

-Vertical Metrics: Hi Tech grew by 9.9% YoY in constant currency

– FY 23 Board announced buy back of 9,300 crores