Tuesday, October 16, 2018

Infy beats estimate, reports Rs 4110 Cr net in Q2

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 Infosys has reported almost 14 percent sequential growth in second quarter. The net profit stood at Rs 4,110 crore.

Consolidated revenue grew by 7.7 percent to Rs 20,609 crore compared to Rs 19,128 crore in previous quarter.

The company signed Rs 14,500 Cr worth of deals during the quarter.

The company has maintained its full year constant currency revenue growth guidance at 7 percent and EBIT margin around 24 percent.

The stock closed at Rs 692, down Rs 7 in today's trade.

Results were announced after market hours.

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