Infosys, India’s second-largest software exporter has announced financial results for its second fiscal quarter. The company posted revenues of $1.746 billion for the quarter, a growth of 4.5 per cent from the same period last year. YoY (year-over-year) growth was 16. 7 per cent. Infosys registered a net income of $411 million after taxes for FY Q2, and a QoQ (quarter-over-quarter) growth of 7 per cent. Earnings per American Depositary Share (EPADS) was 72 cents.
The company’s sees revenues in the range of $1,802 million to $1,840 million for FY Q3. Earnings per American Depositary Share (EPADS) is expected to be in the range of 79 cents to 80 cents. Currently, Infosys has cash and cash equivalents, including investments in available-for-sale financial assets and certificates of deposits worth $ 3.8 billion.
Infosys added 8,262 employees over the quarter, and its current headcount stands at 15,352 for the company and its subsidiaries.
You can find the complete financial results here.
S. D. Shibulal (CEO and Managing Director, Infosys): The global macroeconomic environment is still uncertain. It is and should be a concern for the IT industry.