Resilient Q2 show, buyback to offer support to Infy stock in the short term
Business

Resilient Q2 show, buyback to offer support to Infy stock in the short term

By Dan Neff

Synopsis

Infosys reported a 4% sequential jump in CC revenue for the September quarter, which was similar to the peers. However, the reported growth of 2.5% in revenue at $ 4,555 million was better than the 1.4% and 1.9% increase reported by TCS and HCL Tech while being a tad higher than the 2.3% growth reported by Wipro.

ET Intelligence Group: As anticipated, Infosys posted better revenue and profit growth in the reported dollar and rupee terms sequentially than the top-tier peers for the September quarter though it marginally missed the average analyst estimates. The company reported a multi-quarter high total contract value (TCV) of $2.7 billion, assuring a sustained deal flow. The sequential improvement of 150 basis points in the operating margin at 21.5% was

BY

ET Bureau

3 mins read, Last Updated:

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Dan Neff