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Infosys outshines rivals with Q2 performance; net profit jumps 20.5%

Revenue grows 86%; firm revises revenue and margin guidance upward

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The profit and revenue growth figures of the Salil Parekh-led company were much higher than TCS and Wipro

Bibhu Ranjan Mishra Bengaluru
Continuing with its industry-leading performance, Infosys — India’s second largest information technology services company — on Wednesday delivered a healthy set of numbers in the second quarter (Q2) of 2020-21 (FY21). This exceeded Street expectation and was better than industry peers Tata Consultancy Services (TCS) and Wipro.
 
The company showed strong improvement across all financial parameters — revenue, net profit, and profitability were backed by all-round growth across key verticals and geographies. This prompted the Bengaluru-based company to guide for strong revenue growth in a seasonally weak third quarter and revise the margin guidance, apart from announcing a salary