Infosys has declared its Q2 FY24 financial results.
Infosys Q2 Results: Its revenue during July-September 2023 increased 6.7 per cent to Rs 38,994 crore, compared with Rs 36,538 crore a year ago
After TCS, IT major Infosys on Thursday reported a 3.2 per cent rise in its net profit to Rs 6,212 crore for the second quarter ended September 2023. Its revenue during July-September 2023 increased 6.7 per cent to Rs 38,994 crore, compared with Rs 36,538 crore a year ago.
Infosys’ net profit had stood at Rs 6,021 crore in the corresponding period last year.
On a quarterly basis, the company’s net profit rose 4.5 per cent and its revenue increased 2.8 per cent during the September 2023 quarter, according to a BSE filing.
The company also declared an interim dividend of Rs 18 per equity share. It has fixed October 25, 2023, as the record date for interim dividend and November 6, 2023, as the payout date.
Shares of Infosys on Thursday declined by Rs 27.80 or 1.86 per cent to close at Rs 1,465.85 apiece on the BSE.
Kick-starting Q2 earnings season, Tata Consultancy Services (TCS) on Wednesday posted an 8.73 per cent growth in its net profit to Rs 11,342 crore for the September 2023 quarter. Its revenue during July-September 2023 rose 7.92 per cent to Rs 59,692 crore, compared with Rs 55,309 crore a year ago. The company also declared its interim dividend of Rs 9 per share.
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