Infosys Q2 fiscal revenue up 6.5 percent to $2,201 million

IT services vendor Infosys said its Q2 fiscal 2015 revenues rose 6.5 percent to $2,201 million.

Infosys net profit for September quarter grew 33.4 percent to $511 million.

This is the first quarterly financial result announced by the new CEO Vishal Sikka, who joined Infosys from SAP, on August 1.

The Bangalore-based IT services provider maintained its revenue guidance at 7 percent — 9 percent for the fiscal 2015.

Infosys and its subsidiaries added 49 clients (gross) during the quarter.

Gross addition of employees during the quarter was 14,255, said Infosys. During the second quarter, Infosys had 165,411 employees.

“Digital transformation is reshaping the business of every one of our clients. We see this as a great opportunity to help them renew the core of their business as well as to expand into new frontiers and are seeing early positive results,” said Vishal Sikka, chief executive officer and managing director of Infosys.

UB Pravin Rao, chief operating officer at Infosys, said: “We have seen positive results of some of our interventions on sales, margins and attrition, and we will continue to focus on these areas.”


Major client activities

Infosys signed a multi-year agreement with Daimler AG covering management of infrastructure services and data centers.

The company consolidated IT and BPO operations for a major fashion retailer in the US as part of a five-year Oracle Retail Support agreement. This will help the retailer better focus on new brand acquisitions and global expansion.

Infosys designed an analytics-based solution to help one of UK’s leading supermarket chains drive targeted campaigns to enhance customer loyalty, acquire new customers and improve revenues.

The company migrated, supported and enhanced an automated outbound dialer application for a telecom service provider in the US. This will help the provider integrate Short Messaging Service for end users by deriving information from multiple systems like billing and provisioning systems.

Infosys Public Services (IPS) has been engaged by a postal solution provider in the US to reduce cost of operation and efficiently maintain its plant equipment and vehicle fleet asset management system.

IPS is also migrating the client’s business-critical applications to a new data center by utilizing proprietary application assessment tools and migration approaches for rapid execution with zero business disruption.

A global sports brand has engaged Edgeverve to help build a responsive user experience-based multi-channel ecommerce store in India.

Baburajan K
[email protected]