12.10.2023,
21349 Zeichen
Bengaluru, India (ots/PRNewswire) - Q2 growth at 2.3% sequentially
with resilient margins of 21.2%. Revenue guidance revised to 1.0%-
2.5%
Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in
next-generation digital services and consulting, delivered $4,718
million in Q2 revenues with year-on-year growth of 2.5% and
sequential growth of 2.3% in constant currency. Large deal TCV for
the quarter was $7.7 billion, with net new of 48%. Operating margin
for the quarter increased by 40 bps sequentially to 21.2%. Attrition
declined further to 14.6%. FY24 revenue guidance revised to 1.0%-2.5%
and operating margin guidance retained at 20%-22%.
"We had our highest large deals value at $7.7 billion in Q2 spread
across all verticals and geographies. This, in an uncertain
macro-environment, is a testament to our ability to pivot and stay
relevant to the evolving client needs, by delivering the benefits of
transformation as well as productivity and cost savings at scale",
said Salil Parekh, CEO and MD. "Strong H1 performance with
significant large deal wins, builds a solid foundation for the
future. The growing adoption of our Generative AI offering, Topaz, is
helping us deliver consistent value and expand market share", he
added.
2.5% YoY 21.2% $7.7 bn
4.6% YoY
2.3% QoQ Operating margin Large deal
TCV Increase in EPS
CC Revenue growth
(₹ terms)
Guidance for FY24:
* Revenue growth of 1.0%-2.5% in constant currency
* Operating margin of 20.0%-22.0%
1. Key highlights:
For the quarter ended September 30, 2023 For six months
ended September 30, 2023
Revenues in CC terms grew by 2.5% YoY and 2.3% - Revenues in CC terms grew by 3.3% YoY
QoQ - Reported revenues at $9,334 million, growth of\nReported revenues at $4,718 million, growth of 3.7% YoY
3.6% YoY - Operating margin
at 21.0%, growth of 0.3% YoY\nOperating margin at 21.2%, decline of 0.3% YoY - Basic EPS at
$0.36, growth of 4.0% YoY
and increase of 0.4% QoQ - FCF at $1,369 million, growth of 10.0% YoY;\nBasic EPS at $0.18, growth of 1.7% YoY FCF conversion at 92.8% of net profit\nFCF at $670 million, growth of 13.8% YoY; FCF
conversion at 89.2% of net profit\n"Our Q2 operating margin of 21.2% demonstrates the early benefits of
recently unveiled margin improvement plan and is a clear reflection
of our ability to continuously identify opportunities for improving
operational efficiencies", said Nilanjan Roy, CFO. "In line with our
capital allocation policy, the Board has announced an interim
dividend of ` 18 per share, an increase of 9.1% over last year", he
added.
2. Client wins & testimonials
* Infosys extended collaboration with Liberty Global to help evolve
and scale Liberty Global's digital entertainment and connectivity
platforms leveraging Infosys Topaz. Mike Fries, CEO, Liberty
Global, said, "Strengthening and expanding our collaboration with
Infosys gives our best-in-class solutions new scale with the
ability to reach many more markets and bring positive experiences
to more customers. And while it produces substantial central cost
savings over time, it also provides excellent opportunities for
our talent to grow their specialist skills and nurture impactful
careers with Infosys. We look forward to working together to
accelerate innovation and make our entertainment solutions even
more powerful and engaging as new generations of digital-first
customers continue to demand more from us all."
* Infosys collaborated with Microsoft to accelerate and democratize
industry-wide adoption of generative AI. Nicole Dezen, Chief
Partner Officer, Microsoft Corp, said, "We're pleased to expand
our collaboration with Infosys to deliver innovative solutions,
utilizing Azure OpenAI Service and Azure Cognitive Services, that
will help customers develop new business models, and realize new
revenue streams. By harnessing the power of generative AI,
Infosys
will help customers accelerate growth and innovation."
* Infosys and NVIDIA collaborated to help enterprises boost
productivity with generative AI. "Generative AI will drive the
next wave of enterprise productivity gains," said, Jensen Huang,
Founder and CEO, NVIDIA. "The NVIDIA AI Enterprise ecosystem is
ramping quickly to provide the platform for generative AI.
Together, NVIDIA and Infosys will create an expert workforce to
help businesses use this platform to build custom applications
and
solutions."
* Infosys announced a strategic multi-year collaboration with STARK
Group to drive technological advancements and provide seamless
services to STARK Group's offices across Europe, leveraging
Infosys Topaz. Pernille Geneser, Group CIO, STARK Group,
commented, "We at STARK Group are excited to announce our
collaboration with Infosys as we embark on a transformation
journey to deliver state-of-the-art and future-fit IT services to
our colleagues in the Nordics, Austria, Germany and UK. With
Infosys' expertise, we look forward to enhancing the quality of
our offerings and kickstarting many new innovations."
* Infosys together with Microsoft recently executed a strategic
Enterprise Resource Planning (ERP) transformation program to help
accelerate Talking Rain Beverage Company's journey towards
enhancing their core business capabilities and achieving business
transformation. "By partnering with Microsoft and Infosys, we are
aligning ourselves with leading technology and expertise in the
industry," said, Luke Fisher, Chief Financial Officer, Talking
Rain Beverage Company. "This collaboration ensures we can
continually enhance our capabilities and drive our business
forward. The new ERP system takes our organization to a whole new
level, enabling us to access real-time data, make smarter
decisions and scale effectively for years to come."
* Rich Products Corporation (RPC) selected Infosys for a key
strategic transformation program to deploy SAP's S/4HANA solution
to simplify and harmonize their business processes, digitally
upskill associates, and improve experience for associates and
customers. Yexi Liu, Global CIO, RPC, said, "We are looking at
this S/4 HANA based transformation to reimagine the way Rich's
operates its business and create unique and distinctive customer
value. Our strong collaboration with Infosys will aim to help
accelerate our business transformation, reduce technical debt and
help shape industry standard business processes to drive
operational excellence."
* Infosys recently launched the Infosys Cobalt Airline Cloud
(ICAC),
a first-of-its-kind industry cloud offering designed for
commercial airlines to help them accelerate their digital
transformation journey. Fernando Rocha, CIO, Aeroméxico Airline,
said, "We are excited to collaborate with Infosys to leverage the
solutions, reference architectures and blueprints of the Infosys
Cobalt Airline Cloud. We believe that this platform will enable
us
to quickly adapt to changing market dynamics, enhance customer
experiences, and drive profitable growth.
* Guaranty Trust Bank selected Infosys Finacle's Digital Banking
Suite for its multi-country digital banking transformation
program. Segun Agbaje, Group Chief Executive Officer, Guaranty
Trust Holding Company Plc, said, "We are delighted to be working
with Infosys Finacle to create a superior, agile, and scalable
core banking system that supports our vision of delivering
seamless and connected experiences across every customer
touchpoint. As an organization, we have always held that the
future of banking is digital, largely driven by technology and
customers' preference for secure, convenient, and reliable
channels. This is the thinking behind our innovation drive and
history of firsts, offering best-in-class financial services
across Africa. Infosys Finacle's digital solutions will
significantly transform our operations and facilitate our push
towards more innovative, responsive banking."
* Infosys Public Services announced the opening of its new
subsidiary in Canada to help accelerate digital transformation
for
public sector organizations across the country and provide them
access to top tier IT talent and innovative solutions for better
delivery of government services to Canadian citizens and
businesses. Franco Chirichella, President and CEO, Innovapost,
said, "As one of Innovapost's key strategic partners, Infosys
Public Services Canada has helped us successfully deliver IT
initiatives to meet the demands of the evolving mail, courier and
logistics industry. IPS Canada does a great job of bringing the
breadth and depth of their global and Canadian capabilities to
Innovapost to support us in meeting our business and technical
needs."
* Infosys transformed Bendigo and Adelaide Bank's customer and
employee experience by helping the bank democratize data, improve
data governance, and deliver better banking experience. Nathalie
Moss, Practice Lead, Lending Technology at Bendigo and Adelaide
Bank, said, "Our employees are now able to service customers
faster and more easily due to the centralized document storage
and
common searchable access approach. The key to the program led by
Infosys is findability. The faster we can find all relevant
customer documents, the more deeply we understand the customer
and
the more personalized the service we offer becomes, every time we
interact. Better operational flow equals more effective and
empowered staff and builds on the award-winning customer
experience our Bank consistently offers."
3. Recognition
* Featured in TIME's World's Best Companies 2023 list - Infosys was
among the top 3 global professional services firms and the only
brand from India in the Top 100 global rankings
* Ranked as one of the Top 3 brands in Kantar BrandZ Most Valuable
Indian Brand Rankings 2023
* Recognized as one of India's Best WorkplacesTM for Women 2023
(Top
50 Large Organizations) by the Great Place to WorkTM Institute
* Ranked among the Top 10 Best Companies for Women in India (BCWI)
in 2023 for the fourth year in a row, and as the 'Champion of
Inclusion' in the Most Inclusive Companies Index (MICI) for the
second year in a row, by Avtar and Seramount
* Honored with the Mahatma Award under the 'ESG Excellence'
category
* Infosys Crescent campus in Bengaluru, India, has been recognized
as one of the '100 Iconic Sustainable Buildings' by The Bureau of
Energy Efficiency, Ministry of Power, Government of India
* Positioned as a leader in the 2023 Magic Quadrant for Public
Cloud
IT Transformation Services by Gartner
* Recognized as a leader in Net Zero Consulting Services PEAK
Matrix® Assessment 2023 by Everest
* Recognized as a leader in Cloud Services PEAK Matrix® Assessment
2023 – North America by Everest
* Recognized as a leader in Network Transformation and Managed
Services PEAK Matrix® Assessment – System Integrators (SIs) 2023
by Everest
* Recognized as a leader in Data and Analytics (D&A) Services PEAK
Matrix® Assessment 2023 by Everest
* Recognized as a Leader in the IDC MarketScape: Worldwide Finance
and Accounting Business Process Services in the Cloud Vendor
Assessment 2023
* Positioned as a leader in HFS Horizons: Cards & Payments Services
Providers 2023 report
* Positioned as a leader in HFS Horizons: Travel, Hospitality, and
Logistics Service Providers, 2023 report
* Positioned as a leader in HFS Horizons: Enterprise Blockchain
Services, 2023 report
* Positioned as a leader in Automation in Banking NEAT 2023 by
NelsonHall
* Featured in the Constellation ShortList 2023: Customer Experience
(CX) Operations Services: Global
* Featured in the Constellation ShortList 2023: Digital
Transformation Services (DTX): Global
* Featured in the Constellation ShortList 2023: Public Cloud
Transformation Services: Global
* Featured in the Constellation ShortList 2023: AI Services: Global
* Recognized as 2023 Google Cloud Industry Solution Services
Partner
of the Year - Supply Chain & Logistics and Google Cloud
Specialization Partner of the Year for Application Development
* Received the Salesforce 2023 Partner Innovation Award in the
industry solution awards category
* Infosys Finacle recognized as the Best Real Time Payments
Provider
at the MEA Finance Leaders in Payments Conference & Awards 2023
* Infosys Finacle recognized as the Best SaaS Provider of the Year
(Software) and as Outstanding Wealth Management Solution by a
Vendor at the Global BankTech Awards 2023
* Infosys recognized as a leader in Cyber Security - Solutions and
Services 2023 ISG Provider LensTM study in US, US Public Sector,
Australia, and Nordics regions
* Infosys recognized as a leader in Private Hybrid Cloud -
Solutions
and Services 2023 ISG Provider LensTM study in US and Australia
* Infosys recognized as a leader in IoT - Services and Solution
2023
ISG Provider LensTM study in US
* Infosys recognized as a Leader in ISG Provider Lens™ Retail & CPG
Services reports – Managed Services in the US and Europe 2023
* Rated as a leader in Avasant's Digital Masters 2023 RadarView™
* Rated as a leader in Avasant's Canada Digital Services 2023-2024
RadarView™
About Infosys
Infosys is a global leader in next-generation digital services and
consulting. Over 300,000 of our people work to amplify human
potential and create the next opportunity for people, businesses and
communities. We enable clients in more than 56 countries to navigate
their digital transformation. With over four decades of experience in
managing the systems and workings of global enterprises, we expertly
steer clients, as they navigate their digital transformation powered
by the cloud. We enable them with an AI-powered core, empower the
business with agile digital at scale and drive continuous improvement
with always-on learning through the transfer of digital skills,
expertise, and ideas from our innovation ecosystem. We are deeply
committed to being a well-governed, environmentally sustainable
organization where diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can
help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth
prospects, or our future financial or operating performance are
forward-looking statements intended to qualify for the 'safe harbor'
under the Private Securities Litigation Reform Act of 1995, which
involve a number of risks and uncertainties that could cause actual
results or outcomes to differ materially from those in such
forward-looking statements. The risks and uncertainties relating to
these statements include, but are not limited to, risks and
uncertainties regarding the execution of our business strategy, our
ability to attract and retain personnel, our transition to hybrid
work model, economic uncertainties, technological innovations such as
Generative AI, the complex and evolving regulatory landscape
including immigration regulation changes, our ESG vision, our capital
allocation policy and expectations concerning our market position,
future operations, margins, profitability, liquidity, capital
resources, and our corporate actions including acquisitions.
Important factors that may cause actual results or outcomes to differ
from those implied by the forward-looking statements are discussed in
more detail in our US Securities and Exchange Commission filings
including our Annual Report on Form 20-F for the fiscal year ended
March 31, 2023. These filings are available at www.sec.gov. Infosys
may, from time to time, make additional written and oral
forward-looking statements, including statements contained in the
Company's filings with the Securities and Exchange Commission and our
reports to shareholders. The Company does not undertake to update any
forward-looking statements that may be made from time to time by or
on behalf of the Company unless it is required by law.
Infosys Limited and subsidiaries
Extracted from the Condensed Consolidated Balance Sheet under IFRS
as at: (Dollars in millions)
September 30, 2023
March 31, 2023
ASSETS
Current assets
Cash and cash equivalents 1,892
1,481
Current investments 913
841
Trade receivables 3,403
3,094
Unbilled revenue 1,692
1,861
Other Current assets 1,379
1,349
Total current assets 9,279
8,626
Non-current assets
Property, plant and equipment and Right-of-use 2,424
2,516
assets
Goodwill and other Intangible assets 1,058
1,095
Non-current investments 1,414
1,530
Unbilled revenue 171
176
Other non-current assets 1,343
1,369
Total non-current assets 6,410
6,686
Total assets 15,689
15,312
LIABILITIES AND EQUITY
Current liabilities
Trade payables 386
470
Unearned revenue 844
872
Employee benefit obligations 315
292
Other current liabilities and provisions 3,134
3,135
Total current liabilities 4,679
4,769
Non-current liabilities
Lease liabilities 798
859
Other non-current liabilities 441
460
Total non-current liabilities 1,239
1,319
Total liabilities 5,918
6,088
Total equity attributable to equity holders of 9,720
9,172
the company
Non-controlling interests 51
52
Total equity 9,771
9,224
Total liabilities and equity 15,689
15,312
Extracted from the Condensed Consolidated statement of Comprehensive
Income under IFRS for:
(Dollars in millions except per equity share data)
3 months ended 3 months ended 6
months ended 6 months ended
September 30, September 30,
September 30, September 30,
2023 2022 2023
2022
Revenues 4,718 4,555
9,334 8,999
Cost of sales 3,271 3,170
6,481 6,315
Gross profit 1,447 1,385
2,853 2,684
Operating expenses:
Selling and marketing 213 185 429
378
expenses
Administrative expenses 234 221 463
439
Total operating expenses 447 406 892
817
Operating profit 1,000 979
1,961 1,867
Other income, net (3) 60 65 117
145
Profit before income taxes 1,060 1,044
2,078 2,012
Income tax expense 309 295 603
574
Net profit (before minority 751 749
1,475 1,438
interest)
Net profit (after minority 751 748
1,475 1,437
interest)
Basic EPS ($) 0.18 0.18 0.36
0.34
Diluted EPS ($) 0.18 0.18 0.36
0.34
NOTES:
1. The above information is extracted from the audited condensed
consolidated Balance sheet and Statement of Comprehensive Income
for the quarter and six months ended September 30, 2023, which
have been taken on record at the Board meeting held on October
12,
2023.
2. A Fact Sheet providing the operating metrics of the Company can
be downloaded from [1] www.infosys.com .
3. Other income is net of Finance Cost.
4. As the quarter and six months ended figures are taken from the
source and rounded to the nearest digits, the quarter figures in
this statement added up to the figures reported for the previous
quarter might not always add up to the six months ended figures
reported in this statement.
1.
http://www.infosys.com/
IFRS-INR Press Release :
https://www.infosys.com/investors/reports-filings/quar...
023-2024/q2/documents/ifrs-inr-press-release.pdf
Fact sheet:
https://www.infosys.com/investors/reports-filings/quar...
023-2024/q2/documents/fact-sheet.pdf
Logo:
https://mma.prnewswire.com/media/633365/Infosys_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/infosys--highest-e
ver-large-and-mega-deal-wins-with-tcv-of-7-7-billion-lay-solid-founda
tion-for-future-301954967.html
Digital press kit:
http://www.ots.at/pressemappe/PR38775/aom
BSN Podcasts
Christian Drastil: Wiener Börse Plausch
Börsepeople im Podcast S12/20: Heinz Walter
Aktien auf dem Radar:FACC, Rosenbauer, AT&S, Amag, Flughafen Wien, Frequentis, Addiko Bank, Rosgix, Palfinger, Pierer Mobility, Erste Group, Österreichische Post, Marinomed Biotech, Gurktaler AG Stamm, Polytec Group, S Immo, Agrana, CA Immo, EVN, Immofinanz, Kapsch TrafficCom, OMV, Telekom Austria, Uniqa, VIG, Wienerberger.
FACC
Die FACC ist führend in der Entwicklung und Produktion von Komponenten und Systemen aus Composite-Materialien. Die FACC Leichtbaulösungen sorgen in Verkehrs-, Fracht-, Businessflugzeugen und Hubschraubern für Sicherheit und Gewichtsersparnis, aber auch Schallreduktion. Zu den Kunden zählen u.a. wichtige Flugzeug- und Triebwerkshersteller.
>> Besuchen Sie 68 weitere Partner auf boerse-social.com/partner
Mehr aktuelle OTS-Meldungen HIER