Infosys Q2 Net up 11.9%, raises revenue outlook on strong deal pipeline

| | New Delhi
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Infosys Q2 Net up 11.9%, raises revenue outlook on strong deal pipeline

Thursday, 14 October 2021 | PTI | New Delhi

Infosys Q2 Net up 11.9%, raises revenue outlook on strong deal pipeline

Infosys Ltd, India’s second-largest IT services company, on Wednesday reported better-than-expected 12 per cent rise in its second-quarter net profit on more contracts from global businesses, a reason that also led to it raising its annual revenue outlook.Net profit in July-September at `5,421 crore, or `12.88 a share, was 11.9 per cent higher than `4,845 crore (or `11.42 a share) net profit in the same period a year back.

 The net profit, which is 4.4 per cent higher than the preceding June quarter, came on the back of broad-based growth across verticals and geographies, strong revenue contribution from the Daimler deal, and higher adoption of digital transformation by clients.

The firm raised its forecast for annual revenue growth to 16.5 per cent to 17.5 per cent in the fiscal year to March 2022, from 14 per cent to 16 per cent growth predicted in July.  This is on the back of expectations of winning more contracts from global businesses expanding their digital offerings during the Covid-19 pandemic.

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