Infosys gains 4% on strong Q2 performance, raising FY22 revenue guidance

Shares of Infosys surged 4.4 per cent to a high of Rs 1,784.05 on the BSE in intra-day trade on Friday after the IT major raised its revenue growth guidance for the financial year 2021-22 (FY22) to 16.5-17.5 per cent in constant currency (CC) terms, from the earlier 14-16 per cent on the back of strong demand-led digital transformation. Fresher hiring guidance increased from 35,000 to 45,000 for FY22.

The stock information technology (IT) consulting & software company had hit a record high of Rs 1,787.50 on September 24, 2021. At 10:39 am; the stock pared its intra-day gain, was up 1.4 per cent at Rs 1,733, as compared to 0.49 per cent rise in the S&P BSE Sensex.

In Q2FY22, Infosys’s revenues increased 6.3 per cent QoQ in CC terms while dollar revenues increased 5.7 per cent QoQ.