Infosys net profit down 1.8 per cent to Rs 4,037 crore

Infosys has posted a 1.8 per cent decrease in net profit to Rs 4,037 crore for the second quarter of this fiscal on a year on year basis, while on a sequential basis, it rose 6.2 per cent.

It has increased the lower end of FY 20 revenue guidance, with revised guidance is 9 per cent -10 per cent in constant currency.

The IT major’s revenues rose 9.8 per cent to Rs 22,629 crore on a year-on-year basis. The operating margin of the company was at 21.7 per cent. The company’s attrition rate was down to 19.4 per cent on an annualised standalone basis.