Infosys Posts Q2FY25 Profit Surge with 4.2% Revenue Growth

CIOTechOutlook Team | Friday, 18 October 2024, 02:41 IST

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Infosys Limited reported a 2.2 percent increase in its Q2FY25 net profit from Rs 6,368 crore to Rs 6,506 crore quarter-on-quarter. The Indian IT giant saw a significant increase in revenue of 4.2 percent from July to September, totaling Rs 40,986 crore.

Infosys increased its projected revenue growth for the full term to 3.75 - 4.5 per cent, a rise from the 3-4 per cent forecasted in July. The firm has announced a Rs 21 per share interim dividend, with October 29 as the record date and November 8 as the payout date. During FY24, the company distributed a final dividend of Rs 20 per share along with a special dividend of Rs 8, and an interim dividend of Rs 18.

Infosys CEO and MD, Salil Parekh, announced a robust 3.1 per cent quarter-on-quarter growth for the company.

"The growth was broad-based with good momentum in financial services. This stems from our strength in industry expertise, market-leading capabilities in cloud with Cobalt and generative AI with Topaz, resulting in growing client preference to partner with us," said Parekh.

He further added the company's large deals at USD 2.4 billion in the second quarter reflect its strength and leadership position.

"I am grateful to our employees for their unwavering commitment to our client as we further strengthen our market leadership," said Parekh.

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