Infosys explains how it achieved 9.9% revenue growth in Q2

Infosys has reported 9.9 percent increase in revenue to $3.21 billion in the second quarter ended September 30, 2019.
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Operating profit of Infosys increased 0.5 percent to $696 million. Operating margin was 21.7 percent.

Infosys has generated digital revenues of $1.23 billion, accounting for 38.3 percent of total revenues. Digital revenue of Infosys rose 38.4 percent.

“Our performance was robust on multiple dimensions — revenue growth, digital growth, operating margins, operational efficiencies, large deal signings and reduction in attrition,” said Salil Parekh, CEO and MD of Infosys.

Infosys has generated revenue of 31.9 percent from financial services, 15.2 percent from retail, 13.1 percent from communication, 13.1 percent from energy, utilities, resources & services, 10.1 percent from manufacturing and 7.6 percent from hi tech.

Infosys has generated revenue of 61.4 percent from North America, 24.1 percent from Europe, 11.8 percent from rest of the world, 2.7 percent from India.

Infosys has increased the number of employees to 2,36,486 in September 2019 from 2,29,029 in June 2019.

Pravin Rao, COO of Infosys, said: “Large deal wins were $2.8 bn. We are especially pleased by the reduction in attrition driven by our focus on enhanced employee value proposition.”

Latest client wins

Infosys was selected by Toyota Material Handling North America (TMHNA) for a cloud-based IoT telematics product implementation along with application support and development for its SAP Platform.

Infosys was selected as a partner by Movement Mortgage, a mortgage bank in the U.S., to lead its digital transformation and accelerate growth. Infosys will support Movement Mortgage’s 650 locations in 47 states to ensure the smooth transition of business models in key projects.

Infosys, in collaboration with Microsoft, announced a partnership with JG Summit Holdings, a diversified conglomerate in Manila, Philippines. Infosys is helping formulate and execute the digital transformation strategy for JG Summit, based on Microsoft Azure along with SAP S/4 HANA.

EdgeVerve Systems, a subsidiary of Infosys, was selected by Al Ahli Bank of Kuwait to steer its automation journey using AssistEdge Robotic Process Automation (RPA). Infosys is working the bank in its process automation journey, driving cost efficiencies and streamlining its operations.