Infosys reported a 5% increase in consolidated net profit for Q2, reaching Rs 6,506 crore, with revenue from operations up 5% year-on-year to Rs 40,986 crore. The company revised its FY25 revenue growth guidance to 3.

Infosys, India's second-largest software exporter, reported a 5% growth in consolidated net profit to Rs 6,506 crore for Q2, with revenue from operations rising by 5% YoY to Rs 40,986 crore. The company revised its FY25 revenue growth guidance to 3.

While Infosys Q2 results are estimated to be decent, with revenue growth led by large deal wins and stable margins, Wipro Q2 results are likely to see flat revenue and margin due to softer deals and the impact of the one-month wage hike.

Revenue from operations for India's second-largest software services company also grew by 5% year-on-year, amounting to Rs 40,986 crore.

During the second-quarter (Q2 FY25), profit came at Rs 6,506 crore as against Rs 6,212 crore in the year-ago period. The company's revenue jumped 5.1 per cent YoY to Rs 40,986 crore from Rs 38,994 in the corresponding period last year.

Its revenue during July-September 2024 increases 2.4% to Rs 40,986 crore, compared with Rs 38,994 crore in the year-ago period. Net Profit Rises 4.7% to Rs 6,506 Crore, Rs 21 Dividend Declared

Infosys reported constant currency revenue growth of 3.1% during the September quarter, slightly higher than the estimates of 3% on a sequential basis.

Analysts had expected that a ramp-up of large deals, increasing traction in generative AI initiatives, and cost optimisations would drive revenue and margin growth for the Indian IT major.