New Delhi: Infosys Limited has announced a quarterly net profit increase of 2.2 percent quarter-on-quarter, rising to a total of Rs 6,506 crore from the previous quarter's figure of Rs 6,368 crore.
The Indian IT giant's revenue for the July-September period has experienced a robust growth of 4.2 percent quarter-on-quarter, reaching a total of Rs 40,986 crore.
In line with its full-term revenue growth projections, Infosys has revised its guidance to a range of 3.75 to 4.5 percent, an increase from the previously announced range of 3 to 4 percent.
Furthermore, the company has declared an interim dividend of Rs 21 per share, with the record date set for October 29 and the payout date scheduled for November 8.
In the fiscal year 2024, Infosys had previously announced a final dividend of Rs 20 per share, in addition to a special dividend of Rs 8 and an interim dividend of Rs 18.
Salil Parekh, the CEO and Managing Director of Infosys, has stated that the company has demonstrated a strong growth rate of 3.1 percent quarter-on-quarter.
"This growth has been widespread, with notable momentum in the financial services sector. Our expertise in the industry, coupled with our market-leading capabilities in cloud computing with Cobalt and generative AI with Topaz, have contributed to an increasing preference among clients for our services," Parekh explained.
He also mentioned the company's significant deals totaling USD 2.4 billion in the second quarter, underscoring its strength and leadership position in the market.
"I extend my gratitude to our employees for their steadfast dedication to our clients as we continue to strengthen our position in the market," Parekh expressed.
In accordance with the recommendations of the Nomination and Remuneration Committee, the Infosys board has approved the issuance of 22,880 Restricted Stock Units (RSUs) to six eligible employees under the 2015 Stock Incentive Compensation Plan, with the vesting period set to occur over two to four years.
