INFOSYS Q2: PAT at Rs 3,726 cr, FY18 revenue guidance cut

Live updates of Infosys' September-quarter earnings

4:55 PM

Infosys Q2

 

Infosys has identified opportunities for improvements in processes and practices, which have been implemented.

4:53 PM

Infosys Q2

 

Infosys "now globally benchmarked its severance pay and revised its senior management employment contracts

4:40 PM

Infosys Q2

 

September quarter annualized consolidated employee attrition at 21.4 per cent

4:39 PM

Infosys Q2

 

Infosys to appointed D. Sundaram as chairperson of audit committee with effect from Oct 24

4:37 PM

Infosys rules out irregularities in Panaya deal, severance pay to Bansal

4:31 PM

Infosys Q2

 

Infosys management says, "we ended Q2 with highest ever cash on books of over Rs 41,000 crore; see account specific softness in Q3

4:30 PM

M. D. Ranganath, CFO, Infosys on Q2FY18 numbers

 

Our focus on improving operational efficiencies enabled us to deliver stable margins in the quarter and at the same time provide compensation increases and higher variable payouts to our employees. We have taken several steps during the quarter towards our capital allocation policy covering Rs 13,000 crore share buyback, coupled with interim dividend of `13 per share for enhancing shareholder returns.

4:30 PM

Infosys Q2

 

Infosys management says current company strategy is relevant and will continue

4:29 PM

U B Pravin Rao, interim CEO and MD on September quarter results

 

We continue to focus on executing on the theme of software enabled services and on accelerating growth of our new services portfolio. During the quarter, we responded quickly to the management and Board changes through proactive communication with all stakeholders minimizing any negative impact to the business and allowing us to deliver growth across all our large industry units.

(Source: Company release)

4:28 PM

Infosys Q2

 

Infosys management says have revised revenue guidance given typical softness in Q2

4:25 PM

Infosys Q2

 

Infosys management says customer relationships have been stable in Q2.

4:24 PM

Infosys Q2

 

Infosys management says total contract value at $731 million

4:24 PM

Infosys Q2

 

Infosys says process of identifying the next CEO and shareholder consultation outreach have been initiated and are progressing well.

4:23 PM

Infosys Q2

 

Gross client additions of 72 in Sept quarter

 

Infosys says September quarter annualized standalone employee attrition at 17.2 percent

4:22 PM

Infosys on Panaya probe

Nilekani led Infosys board concurs with stand of former CEO Vishal Sikka on not disclosing full investigation report on Panaya deal.

Infosys on Panaya probe

4:19 PM

Vishal Sikka resigned as the CEO and MD of Infosys and subsequently resigned as the Executive Vice-Chairman of the Board with effect from August 24, 2017

4:16 PM

Infosys Q2

Infosys Q2 North America grew by 2.0% sequentially & 1.9% in constant currency

4:14 PM

Infosys Q2

Infosys Q2 Europe grew by 6.6% sequentially & 4.1% in constant currency

4:12 PM

Infosys earnings: Geographic growth QoQ (cc terms) - North America 1.9%, Europe 4.1%, India 5.1%, RoW 2.3%

4:11 PM

Infosys has been facing challenges in achieving faster digital business growth, a key metric for its global peers in IT services industry.

4:11 PM

Infosys dealt with management changes and exit of the first non-founder chief executive during the past four quarters

4:10 PM

Also read: Infosys Q2 profit up 3.2% to Rs 3,726 cr, guidance for year ahead lowered

4:08 PM

Click here for the Infosys Q2 earnings release

3:59 PM

Infosys on Panaya probe: Publishing additonal details inhibit ability; releasing full investigation could impair cooperation

3:59 PM

Infosys on Panaya probe: Reaffirms conclusion of independent investigation

3:59 PM

Infosys on Panaya probe: Reaffirms previous findings of external investigations; no merit to allegations of wrongdoing

3:55 PM

Infosys: Process of identifying next CEO initiated

3:54 PM

Infosys Q2

Dollar Revenue at $2728 million vs $2,651 million (QoQ)

3:53 PM

Infosys Q2

EBIT at Rs 4,246 crore vs Rs 4,111 crore (QoQ)

EBIT Margin at 24.1%
 

3:52 PM

Infosys Q2

Q2 revenues grew sequentially by 2.9% in $ terms; 2.2% in Constant Currency terms