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Infosys: Broad based growth in H1 of 20.1 per cent in constant currency; Q2 margins expand 150 bps sequentially

Bengaluru (Karnataka) [India], October 14 (ANI/PRNewswire): Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, reported strong Q2 performance with year-on-year growth at 18.8 per cent and sequential growth at 4.0 per cent in constant currency. Year-on-year growth was in double digits across all business segments in constant currency terms. Digital comprised 61.8 per cent of overall revenues and grew at 31.2 per cent in constant currency. Operating margin for the quarter increased sequentially by 150 bps to 21.5 per cent. Large deal TCV for the quarter was robust at USD 2.7 bn, highest in last 7 quarters. FY 23 revenue guidance is revised to 15 per cent-16 per cent; operating margin guidance is also revised to 21 per cent-22 per cent. Highest large deal TCV of USD 2.7 bn in last 7 quarters; quarterly attrition declined for 3rd quarter in a row. Share buyback of Rs 9,300 crores (USD 1.13 bn) and interim dividend of Rs 6,940 c ....

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Infosys: Digital Differentiation and Large Deal Momentum Drive Industry-leading Growth in FY21

Infosys: Digital Differentiation and Large Deal Momentum Drive Industry-leading Growth in FY21
- Double-digit Revenue Growth Guidance of 12%-14% for FY22
- Share Buyback of ?9,200 Crore ($1.23 bn) and Final Dividend of ?6,400 Crore ($0.85 bn) Announced
BENGALURU, India, April 14, 2021 /PRNewswire/ Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered strong FY21 performance with 5.0% CC growth, and growth accelerating to 9.6% in Q4 - in the face of a turbulent economic environment. Large deal TCV for FY21 peaked to an all-time high of $14.1 billion with 66% being net new. Operating margin for the year expanded by 3.2% and Free Cash Flows increased by 38.5%. The Board has recommended capital return of ?15,600 crore (app. $2.08 billion) including final dividend of ?6,400 crore (app. $0.85 billion) and open market buyback of shares of ?9,200 crore (app. $1.23 billion). ....

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