Infosys breaks record, reports Rs 15,635 crore revenue for Q2015

MUMBAI, INDIA: In the results announced for the quarter ended September 2015, Infosys reported revenue of Rs 15,635 crore, the highest in last 16 quarters.

The company also reported Q2 revenue growth 14.2 percent YoY in constant currency.

Net profit stood at Rs 3,398 crore for the quarter ended September 30, 2015; QoQ growth was 12.1 percent, YoY at 9.8 percent, respectively.

Other Q2 highlights include:
•    Per capita revenue increased 2.6 percent in reported terms and 3.4 percent in constant currency terms

•    Five large deals signed with TCV of $ 983 mn

•    Added 82 clients; total number of clients crosses 1,000

“While results in any one quarter are transitory snapshots of a long journey, we do see our focused execution along our  strategy  starting  to  produce  encouraging  results  for  our  clients,  shareholders  and Infoscions,” said Vishal Sikka, CEO  and  MD, Infosys.

“We had strong all-round  growth  during  the  quarter  driven  by  recent  initiatives  around  service  differentiation,  improvement  in  client  mining  and  higher  focus on winning large deals”, said  UB Pravin  Rao,  COO. “Increase in  revenue  productivity  was  significant,  volume  growth  was  robust,  client  metrics  and  utilization improved while attrition remained stable.”

“Our relentless focus on operational efficiencies has resulted in increase in operating margins despite higher variable payouts,” said outgoing CFO, Rajiv Bansal. “The impact of significant currency volatility was effectively mitigated by our proactive hedging program.”

Outlook:
•    Revenues are expected to grow 10 percent -12 percent in constant currency
•    Revenues are expected to grow 13.1 percent-15.1 percent in Re terms
•    Conversion: 1 US$ =65.59 for rest of the fiscal 2016