Infosys reports net profit of Rs 54.2bn ($733m) for Q2 FY2022

Infosys Q2 FY2022 results : Indian IT giant Infosys has reported a net profit of $733 million (INR 5,421 crores) for the second quarter of the fiscal year 2022 (Q2 FY2022) that ended 30 September 2021, an increase of 12.2%, compared to $653 million (INR 4,845 crores) reported in Q2 FY2021.

In the first quarter of FY2022, the company made $704 million (INR 5,195 crore) in net profit.

The diluted earnings per share for Infosys in Q2 FY2022 were $0.17 (INR 12.85) compared to $0.15 (INR 11.4) in the same quarter of the previous fiscal year.

Infosys Q2 FY2022 revenues were $4 billion (INR 29,602 crores), an increase of 19.4%, compared to $3.31 billion (INR 24,570 crores) in the same quarter of the previous fiscal year. Its revenues for Q1 FY2022 were $3.78 billion (INR 27,896 crore).

According to Infosys, the growth during the reported quarter was broad across all segments and geographies. The company’s biggest geography being North America grew at 23.1% year-over-year (YoY), while its largest segment — Financial Services grew at 20.5% YoY.

Infosys said that it had achieved total contract values (TCVs) of $2.15 billion during the reported quarter.

The company’s board has declared an interim dividend of INR 15 per share for FY22.

Infosys Q2 FY2022 results : Indian IT firm reports 12.2% growth in net profit. Photo courtesy of Infosys Limited.

Commenting on Infosys Q2 FY2022 results, Salil Parekh — CEO and MD of Infosys, said: “Our stellar performance and robust growth outlook continue to demonstrate our strategic focus and the strength of our digital offerings.

“As we witness a strong market opportunity with global enterprises rapidly accelerating their digital journeys, our sustained investments in expanding capabilities, including the differentiated cloud play, Infosys Cobalt, has uniquely positioned us to continue serving our clients effectively, gain market share and emerge as the preferred cloud and digital transformation partner in the market.

“Given this continued momentum we have further increased our revenue growth guidance to 16.5%-17.5%.”