Conference Call with Infosys Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Infosys announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenues in CC terms grew by 3.3% YoY and 3.1% QoQ. Reported revenues at Rs 40,986 crore, growth of 5.1% YoY. Operating margin at 21.1%, decline of 0.1% YoY and flat QoQ. Basic EPS at Rs 15.71, growth of 4.7% YoY. FCF at Rs 7,010 crore, growth of 26.6% YoY; FCF conversion at 107.6% of net profit. H1FY25 Financial Highlights: Revenues in CC terms grew by 2.9% YoY. Reported revenues at Rs 80,300 crore, growth of 4.4% YoY. Operating margin at 21.1%, growth of 0.1% YoY. Basic EPS at Rs 31.09, growth of 5.8% YoY. FCF at Rs 16,165 crore, growth of 43.2% YoY; FCF conversion at 125.4% of net profit. Salil Parekh, CEO and MD, Infossys said: “We had strong growth of 3.1% quarter-on-quarter in constant current in Q2. The growth was broad based with good momentum in financial services. This stems from our strength in industry expertise, market leading capabilities in cloud with Cobalt and generative AI with Topaz, resulting in growing client preference to partner with us. Our large deals at $2.4 billion in Q2 reflect our differentiated position. I am grateful to our employees for their unwavering commitment to our client as we further strengthen our market leadership”. Jayesh Sanghrajka, CFO, Infosys said: “We continue to focus on accelerating revenue growth with a sharp focus on margin performance. Operating margins for the quarter was at 21.1%, driven by continued benefits from value-based pricing and utilization despite higher employee payouts. Our focus on cash generation resulted in another quarter of over 100% Free Cash Flow conversion to net profits”. Result PDF