Infosys Q2 Results Live: Profit likely to grow 4% YoY, revenue 5%; IT major may retain FY24 guidance : vimarsana.com

Infosys Q2 Results Live: Profit likely to grow 4% YoY, revenue 5%; IT major may retain FY24 guidance

Infosys Q2 Results Live:Infosys Ltd on Thursday reported a 3% year-on-year (YoY) growth in consolidated net profit for the quarter ended September to Rs 6,212 crore. Consolidated revenue grew nearly 7% YoY to Rs 38,994 crore. An ETNow poll saw the net profit and revenue at Rs 6,170 crore and Rs 38,350 crore, respectively. The board has recommended an interim dividend of Rs 18 a share. In an unexpected move, the software major yet again tweaked its guidance for FY24. Infosys sees revenue growing 1.0-2.5% in constant currency terms in FY24, compared to 1.0-3.5% earlier. While Infosys cut the upper end of its revenue growth guidance, the company retained its operating margin target of 20-22%.

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