WEB Second Quarter Financial Highlights
Revenue Growth and Net Profit Increase
Infosys, a global leader in digital services and consulting, has released its financial highlights for the second quarter ended September 30, 2023. The company reported strong growth in revenue and net profit, driven by continued demand for its digital transformation services.
Key Financial Metrics
- Revenue: ₹38,994 crores, up 7.5% year-over-year
- Net profit: ₹6,021 crores, up 11% year-over-year
- Revenue growth in constant currency terms: 20.1% year-over-year in H1 2023
Infosys attributed its growth to strong demand for its cloud, data and analytics, and digital transformation services, particularly in North America and Europe. The company also cited the acquisition of the Cobalt Group, a German digital transformation provider, as a contributing factor.
Outlook
Infosys has raised its FY23 revenue guidance to 15-16%, up from its previous guidance of 14-16%. The company remains optimistic about the future, driven by its focus on digital transformation and its strong order book.
Infosys' strong financial performance underscores the growing demand for digital services in the global economy. As businesses continue to invest in digital transformation, Infosys is well-positioned to capitalize on this opportunity.
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