Infosys Q2 Net Profit Jumped by 12 per cent
Infosys Technologies is a global technology services company. Infosys defines, designs and delivers technology-enabled business solutions for Global 2000 companies. Their services include business and technology consulting, application services, systems integration, product engineering, custom software development, maintenance, re-engineering, independent testing and validation services, IT infrastructure services and business process outsourcing.
Today Infosys announced its Q2 FY16 results wherein the total revenue rose by 8.9 per cent to Rs 15635 crore in Q2FY16 compared to Rs 14354 crore in Q1 of the same fiscal. Dollar revenue climbed by 6 per cent to USD 239 crore on quarterly basis.
The gross profit rose by 13 per cent on quarterly basis while the operating profit increased by 16 per cent to Rs 3993 crore as against Rs 3447 crore , operating profit margin expanded by 152 basis points to 25.54 per cent Q-o-Q basis.
During the quarter the other income of the company rose by 4.62 per cent to Rs 793 crore, where the company's tax expenses increased by 18 per cent to Rs 1387 crore on quarterly basis. The net profit of Infosys in Q2 FY16 jumped by 12.15 per cent to Rs 3398 crore compared to Rs 3030 crore in Q1 FY16.
Today, Infosys CFO ( Chief Financial Officer) Rajiv Bansal has resigned. Ranganath MD is appointed as new CFO of the company. The stock prize of Infosys today trading at Rs 1150, down by 1.48 per cent.