Infosys Limited (NYSE:INFY) posted its second quarter earnings results on Wednesday 14th October 2020 before market open.
Infosys Limited posted quarterly income of $ 0.15 per share, from the revenue of $ 3,312.00 million
The consensus estimate are $ 0.14 income per share from revenues of $ 3238.02 million.
The second quarter financial report outlined, earnings beat street analysts by $ 0.01 or 7.14 percent, where as revenues outshined analysts estimates by $ 73.98 million or 2.28 percent.
On the other hand, The quarterly earnings increased 15.38 percent compared with the same quarter last year, at the same time revenues up 3.18 percent versus second quarter of last year.
The fiscal year 2021 revenue growth guidance revised upward to 2 percent – 3 percent in constant currency, while operating margin guidance revised upward to 23 percent – 24 percent.
Salil Parekh, CEO and MD, said, Our second quarter performance is a clear reflection of our ability to help clients on their digital transformation journeys. Our digital and cloud capabilities combined with intense client relevance are helping us achieve differentiated results in the market as is visible in 2.2 percent year on year overall revenue growth and 25.4 percent growth from digital offerings, which now are at 47.3 percent of revenues.
