Infosys Q2 net profit rises 20.5% to Rs 4,845 crore
Oct 14, 2020
Infosys Q2 net profit rises 20.5% to Rs 4,845 crore

Commenting on the results, chief executive officer (CEO) and managing director of Infosys Salil Parekh said: "Our second quarter performance is a clear reflection of our ability to help clients on their digital transformation journeys”

"Our digital and cloud capabilities combing intense client relevance are helping us achieve differentiated results irM@fe market as is visible in 2.2 percent year-on-year overall revenue growth and 25.4 per cent growth from digital offerings,

which now are at 47.3 per cent of revenues," he added.

The Bengaluru-based company also said it is giving 100 per cent variable pay along with a special incentive for the second quarter.

Revenue from operations of the company rose 8.5 per cent in Q2 to Rs 24,570 as against a revenue of Rs 22,629 crore in same quarter last year.

Infosys chief financial officer (CFO) Nilanjan Roy said free cash flows grew significantly in H1, driven by its consistent focus on liquidity and cash management.