Infosys Q2 net profit rises 3.1% to Rs 6,215 crore; revises FY24 revenue forecast

Infosys, India’s second largest IT services company, reported a 3.1% YoY rise in net profit for the September 2023 quarter. The company’s revenue also increased by 6.7% during the same period. Infosys CEO and MD, Salil Parekh, highlighted the company’s ability to adapt to evolving client needs, delivering transformation, productivity, and cost savings. The company revised its FY24 revenue guidance to 1-2.5% and maintained its operating margin guidance at 20-22%. Infosys has also declared an interim dividend of Rs 18 per equity share.