Friday, October 10, 2014

Infosys Q2 Net up 28.6 percent to Rs 3,096 crore

The Bangalore-based firm had reported a net profit of Rs 2,407 crore in the year-ago period, it said in a BSE filing.

Consolidated revenue was up 2.9 percent to Rs 13,342 crore in the said quarter from Rs 12,965 crore in the year-ago period.

In the April-June quarter this fiscal, Infosys reported a net profit of Rs 2,886 crore and a revenue of Rs 12,770 crore.

Buoyed by a strong set of numbers, the company has declared an interim dividend of Rs 30 per equity share as compared to Rs 20 in the previous year.
 
Highlights
Infosys' consolidated net profit increases to  Rs 3,096 crore in Q2
In the April-June quarter this fiscal, Infosys reported a net profit of Rs 2,886 crore
Infosys has declared an interim dividend of Rs 30 per equity share as compared to Rs 20 in previous year
Infosys is the second-largest software services in the country

It has also recommended a bonus issue of one equity share for every equity share held, and a bonus issue of a stock dividend of one American Depositary Share (ADS) for every ADS held, respectively.

The better-than-expected set of numbers pushed the company's stock up 5.61 percent to Rs 3,850.05 apiece in early trade on the BSE.

For FY15, the country's second-largest software services firm maintained its revenue guidance of 7-9 percent growth.

In dollar terms, the NYSE-listed firm's net profits grew 33.4 percent to USD 511 million in second quarter of this fiscal from USD 383 million in the year-ago period.

 
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