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Infosys Q2 result: Net profit rises 11% YoY to Rs 6,021 cr; firm announces buyback worth Rs 9,300 crore
India's second-largest IT services company Infosys, on October 13 reported a consolidated net profit of Rs 6,021 for the quarter ended September 30, 2022, up 11.1 percent from Rs 5,421 core reported in the same quarter of the previous year. The company also said it will be buying back shares worth Rs 9,300 crore, in order to reward its shareholders. Digital revenues for the quarter were at 61.8 percent of total revenues, growing 31.2 percent YoY in constant currency. “Our strong large deal wins and steady all-round growth in Q2 reflect the deep relevance and differentiation of our digital and cloud solutions for clients as they navigate their business transformation”, said Salil Parekh, CEO and MD, Infosys. The Board of Infosys also announced an interim dividend of Rs 16.50 per share, an increase of 10 percent over the FY22 interim dividend. Source - Money Control
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