Infosys revenue up 8.7%, adds 87 clients in Q2

Infosys CEO Vishal Sikka
IT services provider Infosys posted 8.7 percent growth in revenues to $2,392 million in the second quarter ended September 30, 2015.

The Bangalore-based software company said its net profit rose 1.6 percent to $ 519 million.

Infosys said it signed 5 large deals signed with TCV of $983 million. It added 82 clients. The total number of clients of Infosys crossed 1,000.

Infosys CEO Vishal Sikka said: “We are taking steps towards becoming such a services organization, and I am encouraged by our progress.”

Infosys said revenues are expected to grow 6.4-8.4 percent in USD terms for the fiscal year ending March 31, 2016.

The software company generated 63.3 percent revenue from North America, 22.9 percent from Europe, 2.3 percent from India and 11.5 percent from Rest of the world.

Business IT Services contributed 62.3 percent, Consulting, Package Implementation & Others  32.8 percent and Products, Platforms and Solutions 4.9 percent revenue in the second quarter, said Infosys.

Infosys said 32.8 percent revenue came from Banking & Financial Services and Insurance, 23.8 percent from Manufacturing, 24.6 percent from Retail & Life Sciences and 18.8 percent from Energy, Utilities, Communications & Services.

Net addition of Infosys employees was 8,453 in the second quarter, while the attrition was 9,142. Total employees of Infosys rose to 1,87,976 in September 2015 from 1,79,523 in June 2015.

Major client wins for Infosys

Infosys has bagged a 3-year deal from TOMS Shoes to maintain and develop its digital platform to streamline the management of its web-based properties and introduce automation technologies to lower overall support and development costs.

Infosys will work with ABB to implement its product compliance program in ABB’s Low Voltage Products (LP) division.

This apart, Infosys announced $210 million deal with Goods and Services Tax Network (GSTN), a non-government, non-profit, private limited company in India, to build and maintain the GSTN system for five years.

Saks Fifth Avenue, an American luxury retail store chain, selected Infosys to deploy an omni-channel solution that will help improve its digital commerce business.

Baburajan K
[email protected]

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