IT major Infosys today announced its earnings for the quarter ended September 30 quarter, meeting the Street's estimates on most parameters. The Bengaluru-based IT company reported a 6% sequential rise in net profit to ₹4,019 crore while revenues increased to ₹22,629 crore, a growth of 3.8% on a sequential basis. Infosys also raised the lower end of FY20 revenue guidance. Commenting on Q2 performance, CEO Salil Parekh said: “Our performance was robust on multiple dimensions – revenue growth, digital growth, operating margins, operational efficiencies, large deal signings and reduction in attrition." Infosys reported an expansion in operating margin to 21.7%, driven by improvements in operational parameters and cost efficiencies, said CFO Nilanjan Roy.

Source: Mint October 11, 2019 10:30 UTC