The Bengaluru, India-based company posted a quarterly net profit of 33.98 billion rupees ($525 million), versus a year-ago profit of 30.96 billion rupees.
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During the July-September stretch, Infosys recorded revenues of $2.39 billion, up by 6 percent quarter-on-quarter (QoQ) and 8.7 percent year-on-year (YoY).
During the September quarter, the company signed five large deals with total contract value of $983 million.
For 2015-16, the firm provided a income guidance of 13.1% to 15.1% in rupee terms.
Earnings before interest and tax (EBIT) increased 15.8 percent quarter-on-quarter to Rs 3,993 crore and margin improved by 153 basis points to 25.53 percent, which were ahead of estimates of Rs 3,798 crore and 25 percent, respectively. Sales rose 6 percent over the June quarter, and 6.9 percent in constant currency, beating the 4 percent constant-currency expectation by analysts at Bank of America Merrill Lynch. The total number of clients of Infosys crossed 1,000.
In September, larger global rival and technology services industry bellwether Accenture Plc reported better-than-expected numbers for its third quarter ended May, raising investor hopes of a similarly robust performance from Indian outsourcing firms.
Indian company Infosys Ltd ADR (NYSE: INFY) reported a rise in its profit for the second quarter.
Shares of Infosys were down 2.91 percent at Rs 1,133.90 a piece during morning trade at the Bombay Stock Exchange, as broader markets were flat coupled by reasons such as the resignation of the company’s CFO and lower dollar revenue guidance for the current fiscal. The company’s revenue grew 14.2% year-on-year in constant currency.
In rupee terms, the revenues at the end of second quarter stood Rs 15625 crore recording a sequential growth of 8.9%.
He said the endeavour is to make Infosys a services organisation that can truly partner with and amplify businesses.
Vedanta (VDAN.NS) surged 10 percent while Hindalco Industries (HALC.NS) rose 9 percent.
A bigger concern could be the attrition in senior management, feels brokerage house Kotak Securities. The Board approved the 2015 Incentive Compensation Plan, amending the existing 2011 RSU Plan.
The Board further approved the issuance of new shares, so as not to cumulatively exceed 2% of the shares outstanding, in order to support grants made over time under the 2015 Incentive Compensation Plan.
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Infosys maintained its annual revenue guidance at 10-12 percent for this financial year – or what it had projected in April.
