Infosys’ Q2FY25 Results

• Infosys reported a 3.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended Sept (Q2FY25). On a year-on-year (YoY) basis, it witnessed a growth of 5.2%.
• Its expenses for the quarter were up by 4.2% QoQ and 5.1% YoY.
• The net profit grew 2.2% QoQ and 4.8% YoY.
• The earnings per share (EPS) of Infosys stood at 15.7 during Q1FY25.

Infosys’ Financial Statements for Q2FY25:

Financials:

For the quarter ended September 30, 2024

• Revenues in CC terms grew by 3.3% YoY and 3.1% QoQ
• Revenues were reported at ₹40,986 crore, a growth of 5.1% YoY
• Operating margin stood at 21.1%, a decline of 0.1% YoY and flat QoQ
• Basic EPS stood at `15.71, registering a growth of 4.7% YoY
• FCF stood at ₹7,010 crore, registering a growth of 26.6% YoY; with FCF conversion standing at 107.6% of net profit

Management Commentary:

Salil Parekh, CEO and MD said:

• We achieved 3.1% QoQ growth in constant currency during Q2.
• Growth was driven by financial services, cloud (Cobalt), and generative AI (Topaz).
• We secured large deals worth $2.4 billion, reflecting a strong market position.
• We are grateful to employees for their dedication and client focus.

Jayesh Sanghrajka, CFO:

• The Focus is on accelerating revenue growth and margin performance.
• Operating margins are at 21.1%, benefiting from value-based pricing and utilisation.
• We achieved over 100% Free Cash Flow conversion.
• Interim dividend is at ₹21 per share, a 16.7% increase from last year.

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