Infosys Q2 revenue rises on robust biz momentum

Infosys on Wednesday beat Street estimates on all fronts in its July-September earnings, posting a internet revenue of Rs 5,421 crore, up 4.3 per cent on a sequential foundation.
The firm additionally raised its full yr income steerage to 16.5-17.5 per cent from 14-16 per cent projected earlier, amid continued robust enterprise momentum. It, nevertheless, retained working margin steerage at 22-24 per cent.
For FY22, the Infosys board cleared an interim dividend of Rs 15 per share. “Our stellar performance and robust growth outlook continue to demonstrate our strategic focus and the strength of our digital offerings,” Salil Parekh, CEO and MD mentioned.
As per PTI, Infosys additionally mentioned its chief working officer Pravin Rao will retire within the third quarter and it’ll announce a brand new company construction quickly. Meanwhile, based on a PTI report, Parekh mentioned the revenue tax return submitting portal developed by Infosys is seeing “steady progress”. “As of yesterday we had over 1.9 crore returns that have been filed … Today the income tax return Forms 1 to 7 are all functional.”