NEW DELHI: IT service major Infosys on Thursday reported 11% jump in consolidated net profit for the second quarter ended September 30.
The company posted a profit of Rs 6,021 crore as against a profit of Rs 5,421 crore in same period last fiscal.
The Board of Directors of the company also approved a share buyback worth Rs 9,300 crore.
The IT major will also pay an interim dividend totalling Rs 6,940 crore to the shareholders.
According to a regulatory filing, the revenue rose 23.4% year-on-year to Rs 36,538 crore in the second quarter of the current fiscal. The same stood at Rs 29,602 crore in the year-ago period.
Infosys revised its FY23 revenue guidance to 15-16% growth, tighter than 14-16% it had projected earlier.
The operating margin guidance has been revised to 21-22%, the company said in a statement.
“Our strong large deal wins and steady all-round growth in Q2 reflect the deep relevance and differentiation of our digital and cloud solutions for clients as they navigate their business transformation,” Salil Parekh, CEO and MD of Infosys, said.





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