{"id":1274349,"date":"2023-10-13T11:22:04","date_gmt":"2023-10-13T05:52:04","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1274349"},"modified":"2023-10-13T11:22:43","modified_gmt":"2023-10-13T05:52:43","slug":"infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/","title":{"rendered":"Infosys Earned Rs 69 Crore\/Day In 90 Days: Net Profit, Revenues Increase Year On Year (Q2 2023 Results)"},"content":{"rendered":"\n<p>Infosys reported a 3 percent year-on-year (YoY) rise in net profit at Rs 6,212 crore in the second quarter of FY24.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/10\/Untitled-design-26-1280x720-1-1024x576.jpg\" alt=\"Infosys Earned Rs 69 Crore\/Day In 90 Days: Net Profit, Revenues Increase Year On Year (Q2 2023 Results)\" class=\"wp-image-1274365\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/10\/Untitled-design-26-1280x720-1-1024x576.jpg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/10\/Untitled-design-26-1280x720-1-300x169.jpg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/10\/Untitled-design-26-1280x720-1-768x432.jpg 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/10\/Untitled-design-26-1280x720-1.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>This figured above poll estimates of Rs 6,156 crore.<\/p>\n\n\n\n<p><strong>Revenue growth guidance<\/strong><\/p>\n\n\n\n<p>India\u2019s second-largest IT company did narrow its revenue growth guidance for the full year at the upper end and has now guided for revenue growth of 1-2.5 percent for the full year.<\/p>\n\n\n\n<p>All this comes after it sharply slashed the guidance last quarter to 1-3.5 percent from 4-7 percent.<\/p>\n\n\n\n<p>Consolidated revenue for the quarter came in at Rs 38,994 crore up 7 percent.&nbsp;<\/p>\n\n\n\n<p>Revenues for the quarter were above analyst estimates of Rs 37,694 crore.<\/p>\n\n\n\n<p>It revised its FY24 revenue guidance to 1 percent from 2.5 percent.<\/p>\n\n\n\n<p>\u201cWe had our highest large deals value at $7.7 billion in Q2 spread across all verticals and geographies.&nbsp;<\/p>\n\n\n\n<p>This, in an uncertain macro-environment, is a testament to our ability to pivot and stay relevant to the evolving client needs, by delivering the benefits of transformation as well as productivity and cost savings at scale,&#8221; said Salil Parekh, CEO and MD.<\/p>\n\n\n\n<p>\u201cStrong H1 performance with significant large deal wins, builds a solid foundation for the future. The growing adoption of our Generative AI offering, Topaz, is helping us deliver consistent value and expand market share,\u201d he added.<\/p>\n\n\n\n<p><strong>Contract value<\/strong><\/p>\n\n\n\n<p>Chief Financial Officer Nilanjan Roy said the operating margin demonstrates &#8216;the early benefits of recently unveiled margin improvement plan and is a clear reflection of our ability to continuously identify opportunities for improving operational efficiencies.\u201d<\/p>\n\n\n\n<p>The total contract value of its large deals, and reported a TCV of $7.7 billion, which is a huge uptick from last quarter\u2019s $2.3 billion.&nbsp;<\/p>\n\n\n\n<p>There are three large deals this quarter: an agreement with an existing client to provide AI and automation-led development, modernisation and maintenance services, where the spend would be $2 billion over five years, a $1.5 billion deal with Liberty Global over five years and an MoU that was signed for $1.5 billion <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/companies\/infosys-reports-3-yoy-rise-in-net-profit-at-rs-6212-cr-in-q2fy24-11520941.html\/amp?utm_campaign=fullarticle&amp;utm_medium=referral&amp;utm_source=inshorts\">where <\/a>the spend is over 15 years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Infosys reported a 3 percent year-on-year (YoY) rise in net profit at Rs 6,212 crore in the second quarter of FY24. This figured above poll estimates of Rs 6,156 crore. Revenue growth guidance India\u2019s second-largest IT company did narrow its revenue growth guidance for the full year at the upper end and has now guided [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":1274365,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[311,3654],"class_list":["post-1274349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-infosys","tag-profits"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Infosys Earned Rs 69 Crore\/Day In 90 Days: Net Profit, Revenues Increase Year On Year (Q2 2023 Results) - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Infosys Earned Rs 69 Crore\/Day In 90 Days: Net Profit, Revenues Increase Year On Year (Q2 2023 Results) - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"Infosys reported a 3 percent year-on-year (YoY) rise in net profit at Rs 6,212 crore in the second quarter of FY24. This figured above poll estimates of Rs 6,156 crore. Revenue growth guidance India\u2019s second-largest IT company did narrow its revenue growth guidance for the full year at the upper end and has now guided [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-13T05:52:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-13T05:52:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/10\/Untitled-design-26-1280x720-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shreya Bose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shreya Bose\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/\",\"url\":\"https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/\",\"name\":\"Infosys Earned Rs 69 Crore\/Day In 90 Days: Net Profit, Revenues Increase Year On Year (Q2 2023 Results) - Trak.in - Indian Business of Tech, Mobile &amp; Startups\",\"isPartOf\":{\"@id\":\"https:\/\/trak.in\/stories\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/10\/Untitled-design-26-1280x720-1.jpg\",\"datePublished\":\"2023-10-13T05:52:04+00:00\",\"dateModified\":\"2023-10-13T05:52:43+00:00\",\"author\":{\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/9817221c96a9aadc34f34cc7b8767dc6\"},\"breadcrumb\":{\"@id\":\"https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/#primaryimage\",\"url\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/10\/Untitled-design-26-1280x720-1.jpg\",\"contentUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/10\/Untitled-design-26-1280x720-1.jpg\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/trak.in\/stories\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Infosys Earned Rs 69 Crore\/Day In 90 Days: Net Profit, Revenues Increase Year On Year (Q2 2023 Results)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/trak.in\/stories\/#website\",\"url\":\"https:\/\/trak.in\/stories\/\",\"name\":\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\",\"description\":\"Trak.in is a popular Indian Business, Technology, Mobile &amp; Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups &amp; Social Media Space\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/trak.in\/stories\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/9817221c96a9aadc34f34cc7b8767dc6\",\"name\":\"Shreya Bose\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1404d637610526a87c014a8eac9883a6c61491f1e6553d1946b0dd0b135713be?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1404d637610526a87c014a8eac9883a6c61491f1e6553d1946b0dd0b135713be?s=96&d=mm&r=g\",\"caption\":\"Shreya Bose\"},\"url\":\"https:\/\/trak.in\/stories\/author\/shreya-bose\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Infosys Earned Rs 69 Crore\/Day In 90 Days: Net Profit, Revenues Increase Year On Year (Q2 2023 Results) - Trak.in - Indian Business of Tech, Mobile &amp; Startups","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/","og_locale":"en_US","og_type":"article","og_title":"Infosys Earned Rs 69 Crore\/Day In 90 Days: Net Profit, Revenues Increase Year On Year (Q2 2023 Results) - Trak.in - Indian Business of Tech, Mobile &amp; Startups","og_description":"Infosys reported a 3 percent year-on-year (YoY) rise in net profit at Rs 6,212 crore in the second quarter of FY24. This figured above poll estimates of Rs 6,156 crore. Revenue growth guidance India\u2019s second-largest IT company did narrow its revenue growth guidance for the full year at the upper end and has now guided [&hellip;]","og_url":"https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/","og_site_name":"Trak.in - Indian Business of Tech, Mobile &amp; Startups","article_published_time":"2023-10-13T05:52:04+00:00","article_modified_time":"2023-10-13T05:52:43+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/10\/Untitled-design-26-1280x720-1.jpg","type":"image\/jpeg"}],"author":"Shreya Bose","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Shreya Bose","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/","url":"https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/","name":"Infosys Earned Rs 69 Crore\/Day In 90 Days: Net Profit, Revenues Increase Year On Year (Q2 2023 Results) - Trak.in - Indian Business of Tech, Mobile &amp; Startups","isPartOf":{"@id":"https:\/\/trak.in\/stories\/#website"},"primaryImageOfPage":{"@id":"https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/#primaryimage"},"image":{"@id":"https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/#primaryimage"},"thumbnailUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/10\/Untitled-design-26-1280x720-1.jpg","datePublished":"2023-10-13T05:52:04+00:00","dateModified":"2023-10-13T05:52:43+00:00","author":{"@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/9817221c96a9aadc34f34cc7b8767dc6"},"breadcrumb":{"@id":"https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/#primaryimage","url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/10\/Untitled-design-26-1280x720-1.jpg","contentUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/10\/Untitled-design-26-1280x720-1.jpg","width":1280,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/trak.in\/stories\/infosys-earned-rs-69-crore-day-in-90-days-net-profit-revenues-increase-year-on-year-q2-2023-results\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/trak.in\/stories\/"},{"@type":"ListItem","position":2,"name":"Infosys Earned Rs 69 Crore\/Day In 90 Days: Net Profit, Revenues Increase Year On Year (Q2 2023 Results)"}]},{"@type":"WebSite","@id":"https:\/\/trak.in\/stories\/#website","url":"https:\/\/trak.in\/stories\/","name":"Trak.in - Indian Business of Tech, Mobile &amp; Startups","description":"Trak.in is a popular Indian Business, Technology, Mobile &amp; Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups &amp; Social Media Space","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/trak.in\/stories\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/9817221c96a9aadc34f34cc7b8767dc6","name":"Shreya Bose","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/1404d637610526a87c014a8eac9883a6c61491f1e6553d1946b0dd0b135713be?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1404d637610526a87c014a8eac9883a6c61491f1e6553d1946b0dd0b135713be?s=96&d=mm&r=g","caption":"Shreya Bose"},"url":"https:\/\/trak.in\/stories\/author\/shreya-bose\/"}]}},"jetpack_featured_media_url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/10\/Untitled-design-26-1280x720-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1274349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/comments?post=1274349"}],"version-history":[{"count":1,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1274349\/revisions"}],"predecessor-version":[{"id":1274366,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1274349\/revisions\/1274366"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media\/1274365"}],"wp:attachment":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media?parent=1274349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/categories?post=1274349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/tags?post=1274349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}