Quarter ended September 30, 2016:
- Revenues were $2,587 million for the quarter ended September 30, 2016 QoQ growth of 3.5% in reported terms; 3.9% in constant currency terms YoY growth of 8.2% in reported terms; 8.9% in constant currency terms
- Operating profit was $644 million for the quarter ended September 30, 2016 QoQ growth of 7.0% YoY growth of 5.6%
- Net profit was $539 million for the quarter ended September 30, 2016 QoQ growth of 5.5% YoY growth of 3.8%
- Earnings per share (EPS) was $0.24 for the quarter ended September 30, 2016 QoQ growth of 5.5% YoY growth of 3.8%
- Liquid assets including cash and cash equivalents and investments were $5,349 million as on September 30, 2016 as compared to $4,918 million as on June 30, 2016 and $4,894 million as on September 30, 2015.
- The Board of Directors declared an interim dividend of ` 11 per share ($0.17 per ADS based on USDINR rate of 66.62). The record date for interim dividend is October 24, 2016 and the payment will be made on October 26, 2016
“We focused on strong execution in Q2 with our core IT services business showing good progress on the strength of our innovation and operational initiatives. While we continue to navigate an uncertain external environment, we remain focused on executing our strategy and increasing momentum of our software plus services model. Considering our performance in the first half of the year and the near-term uncertain business outlook, we are revising our revenue guidance.” said Dr. Vishal Sikka, CEO. “Longer-term, I believe it’s increasingly clear that our industry’s future lies in evolving from a cost-based, people-only model, to one in IFRS – USD Press Release Infosys Limited – Press Release Page 2 of 10 which people are amplified by software and AI, and are freed to innovate in areas that are strategic to our clients’ future. And in this all-important transformation, I am glad to see us make continued progress."
“We had well-rounded growth during the quarter in our market segments. Our delivery and support teams executed well on their plans for resource management during the quarter, leading to an uptick in utilization.” said U B Pravin Rao, COO. “I am also pleased that the changes we made to employee engagement, policies and rewarding high performers continue to help retain our high quality workforce.”
“Our margins expanded during the quarter on the back of further improvement in operational efficiency.” said M.D. Ranganath, CFO. “Operating cash flows for the quarter were healthy and we effectively navigated a volatile currency environment through prudent hedging.”
