Infosys Q2 results: Attrition narrows to 14.9% even as headcount shrinks by 7,530 in September quarter
₹38,994 crore for the just-ended quarter. Infosys has also declared an interim dividend of ₹18 per equity share carrying a face value of ₹5 each.
“We had our highest large deals value at USD 7.7 billion in Q2 spread across all verticals and geographies. This, in an uncertain macro-environment, is a testament to our ability to pivot and stay relevant to the evolving client needs, by delivering the benefits of transformation as well as productivity and cost savings at scale," Parekh added," said CEO and MD Salil Parekh The company has raised its FY24 revenue guidance to 1% to 2.5% against 1% to 3.5% given earlier.
Operating margin guidance was retained at 20% to 22%. India’s second-largest software services exporter and global IT rivals such as Accenture Plc are struggling to maintain growth as corporations curtail expenditures to cope with higher interest rates and inflation.
Infosys is trying to move to higher-margin technologies as India’s more than $245 billion software services sector struggles with a hazy growth outlook. (With inputs from agencies) "Exciting news! Mint is now on WhatsApp Channels
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