Infosys hikes revenue and margin guidance for FY21

Infosys Technologies on Wednesday revised its revenue and margin guidance upwards for FY21, after its stellar performance in the September quarter. Infy’s performance suggests it has returned to industry-leading growth and profitability, with rupee revenues growing by 3.8% sequentially and 8.6% annually in the September quarter and margins jumping by 2.7% sequentially to 25.3%.

Net profit for the second quarter was up sharply by 14.4% sequentially to Rs 4,845 crore, while operating income rose 16.1% to Rs 6,228 crore. The company increased interim dividend per share by 50% to Rs 12. The company also signed large deals worth $3.15 billion during the second quarter.