Q2 revenues grew sequentially by 2.9% in USD terms; 2.2% in constant currency terms
Q2 revenues grew 5.4% year-on-year in USD terms
Q2 operating margin at 24.2%, as compared to 24.1% in Q1 18
Q2 net margins improved to 21.2%, as compared to 20.4% in Q1 18 Q2 Basic EPS was $ 0.25, sequential growth of 7.0% and year-on-year growth of 7.3%
H1 year-on-year revenue growth at 5.7% in reported terms; 5.5% in constant currency terms
Liquid assets including cash and cash equivalents and investments were at $6,340 million as on September 30, 2017
Utilization excluding trainees at all-time high of 84.7%
Declared interim dividend of `13 per share, compared to an interim dividend of `11 per share in FY 17
FY 18 revenue guidance at 5.5%-6.5% in constant currency. Operating margin guidance unchanged at 23%-25%
“We continue to focus on executing on the theme of software enabled services and on accelerating growth of our new services portfolio.” said U B Pravin Rao, Interim CEO and Managing Director. “During the quarter, we responded quickly to the management and Board changes through proactive communication with all stakeholders minimizing any negative impact to the business and allowing us to deliver growth across all our large industry units.”
“Our focus on improving operational efficiencies enabled us to deliver stable margins in the quarter and at the same time provide compensation increases and higher variable payouts to our employees.” said M. D. Ranganath, CFO. “We have taken several steps during the quarter towards our capital allocation policy covering `13,000 crore share buyback, coupled with interim dividend of `13 per share for enhancing shareholder returns.”
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