Infosys results relief after TCS downer; Q2 profit up 5.8% sequentially

Improvement in operating margins and a healthy deal pipeline were other positives for Infosys in the quarter

Infosys, the second-largest information technology (IT)-services company in the country, on Friday reported a 9.8 per cent year-on-year (YoY) rise in revenue to Rs 22,629 crore. Its YoY net profit fell 2.2 per cent to Rs 4,019 crore, but this was a 5.8 per cent rise, sequentially.

“We had a really strong and robust quarter. Our revenues grew in double digits for the fourth consecutive quarter. Also, our operating margin improved and the attrition level declined by 2 per cent,” said Chief Executive Officer and Managing Director Salil Parekh.

He added, “Five of our six business verticals have recorded double-digit