infosys q2 dividend
Please go ahead. Yeah. We’re really excited with the way this quarter has played out. Yeah. Yeah, Kawal. Infosys Q2 net profit tanks 2.2% YoY to Rs 4,019 crore, beats estimates; dividend at Rs 8 per share Updated : October 11, 2019 05:51 PM IST Revenues came in at Rs 22,629 crore, a 19.1 percent increase when compared to Rs 20,609 crore in the same period last year. My sense is those things will play out over multiple quarters because this is a business which had an inherent stickiness, but there have been a big change in perceptions in this COVID time in work from home, delivery quality impact, stability of company and so on. Did you say how much the Vanguard deal was within the $3.15 billion of signings? Our results in Q2 are a combination of our continued focus on the needs of our clients, steady execution and a clear strategy to build a digital and cloud-aligned company. Is this due to some planned offshore shift or conservatism on the outlook based on something you are seeing out there and building it? One is on the deals that we have won so far, obviously, there is a lot that’s already spoken about, Vanguard. For example, Hi-Tech is looking strong, as Pravin mentioned, Life Sciences is good, Financial Services stable, Retail also now starting to see some progress. And some of the acquisitions we are doing are also further strengthening already where we are good and where we can expand faster. And second is the underlying secular trend, which in a delay as we were discussing earlier, the cloud part of digital is on a rate growth in terms of the market, in terms of what clients are doing, in terms of what the large partners of ours are doing. Infosys Q2 net profit jumps 10.3% YoY to Rs 4,110 crore, declares interim dividend Updated : October 17, 2018 06:29 AM IST . And is it possible to understand how the new versus renewal ratio would be if we exclude Vanguard? And secondly, and I appreciate that you said that there are some strategic cost levers and there are some that you cannot predict given the fluidity of the situation. Just two clarifications, if I may. I’ll go with that. And within the IT spend, clients actually mix between core, I mean they will invest some in core, but they will also look at how to optimize core so that they can fund some of the newer technologies and some of the discretionary spend that they need to stay competitive. Commitment of our employees has been incredible. See, on the first question on year-on-year when compared with large deals, I’m just getting that number. Just the first question, Salil, very strong performance both on revenues and deal wins. Just to clarify. We don’t anticipate it. If we see something dramatic in terms of second wave, in terms of COVID, that is not something that we have pertained into a model. But as long as your overall growth — you are also seeing overall growth, then it’s positive for us. Neither the information nor any opinion expressed in this transcript constitutes a solicitation of the purchase or sale of securities or commodities. Clearly this is an exceptional year in more ways than one with so many moving parts and variable element. And given operating model, we can build a good business in them at our margin structure for the future. I think the way to look at it, as Pravin was sharing earlier is, if you look, let’s say, 12 months ago or 24 months ago, the new — net new number — percent number, we see it’s good in this quarter for sure, but in general, in the pipeline it seems to be a little bit higher than that percentage is a way Pravin described it. Pravin Rao — Chief Operating Officer and Whole-Time Director. Over to you, Pravin. Digital revenues grew at 25.4% year-on-year in constant currency and now accounts for 47.3% of our revenues. Understood. The packaged foods company reported second quarter revenue of $3 billion, up 6.2% year-over-year, Constellation Brands (NYSE: STZ), the largest beer producer in the U.S, reported third-quarter 2021 earnings results today. And how much is the inorganic included in your updated ’21 revenue growth outlook? However, our dedicated focus over the past three years on a local American workforce and our technology and innovation hubs across the U.S. gives us the ability to navigate across this new regulatory terrain. I’ll answer the second one on the digital and cloud and the first — and the third, Pravin will come back. So as we mentioned, what we call visa-dependent employees in the U.S., currently we are at about 37%. We have signed six large deals in this segment in the last quarter, including the Vanguard deal. I now hand the conference over to the management for closing comments. Today, I think one person’s conservatism is another person’s regression. And just lastly, the pandemic has clearly given you significant margin tailwind. Joining us today on this call is CEO and MD, Mr. Salil Parekh; COO, Mr. Pravin Rao; CFO, Mr. Nilanjan Roy along with other members of the senior management team. Thanks, Salil. I think the general answer would be, yes. Do you think pandemic has put cloud on a faster acceleration than even digital now and we will see those benefits going forward?And also, if you can finally answer on the attrition. If you could just unpack this a bit more, how much of this is the reflection of the overall demand environment versus your ability to gain share in the new state of play and what’s helping you do that? So you will always see as your digital share increases, you will always see the core shrinking because we are really talking about the same pie. I think this was asked before, but maybe you can unpack this a bit more. Utilization in quarter two improved by 240 bps to 83.6%, mainly on account of improvement in offshore utilization. Yeah, hi. Return on equity increased to 26.7% compared to 25.1% in the prior year. H1B Visa. No, no. But like I said, this is temporary due to the travel restrictions imposed. And there is the further effect in Q3, as you know, a good — in Q4 typically, Infosys — historically, we’ve had a fairly muted quarter. We’ve had an exceptional quarter in the second quarter across multiple dimensions; client impact, revenues, digital scaling, large deal wins, continued account expansion, operating margin expansion, strong cash flows and reduction in employee attrition. Thanks for the opportunity. Thank you very much. While we strive to produce the best transcripts, it may contain misspellings and other inaccuracies. No one quite knows what the scenarios could be. Number two is, in terms of inorganic, it’s very, very small portion, many of them have just kicked off in terms of the signing implementation. So bit premature to talk about that. So I’ll answer the first one. Number of visas currently at use of your employee base in the U.S. either net new or renewals that are — but just current number of employees out of your employee base that are subject to visas in the U.S.? So as we’ve talked about the three-pronged approach, we will see some of this come back. And on the order book, if I take the Vanguard deal out of the order book composition, it looks like in terms of — is it dominated by smaller-sized deals or besides Vanguard also there are fairly large deals dominating it? Any opinion expressed in the transcript does not necessarily reflect the views of AlphaStreet, Inc. © COPYRIGHT 2020, AlphaStreet, Inc. All rights reserved. What we do have is a fairly clear view of which areas. And clearly, we see that coming back and it will start impacting the margins. Infosys Limited Q2 2021 earnings call dated Oct. 14, 2020. In Q2, we took another large step in our local hiring plans in the U.S. The next question is from the line of Kawaljeet Saluja from Kotak. I also wish all Infoscions good health and also very good gesture by management of rewarding employees in line with world-class technology companies like Amazon. So how should really one really think about the current year as margin band increase? Energy, Utilities, Resources & Services vertical is also under pressure due to constrained spending in the oil and gas, travel and hospitality and resources sector. This is an ongoing program which we have around the offshore onsite mix. Chipmaker Micron Technology Inc. (NASDAQ: MU) reported strong earnings and revenue growth for the first quarter of 2021. Today, 99% of our workforce continues to work from home. Thank you. Consequently, we are increasing our interim dividend per share by 50 per cent to Rs 12." Wish you all the best for the rest of the year. We see a very good guidance increase on revenue. Hope all of you are well and safe with your families and loved ones. Ladies and gentlemen, that was the last question for today. On the core shrinkage, I mean, today when we look at what’s happening, plan for investing in technology to deal with the pandemic, building resiliencies, fixing supply chain issues and so on. I think we’ve done a lot of work around broad basing the pyramid offshore and are now looking at that for the onsite as well. Thanks for that question. And the second question is related to, is there a limit that you see for offshore work? Fantastic. So that last bucket or that last prong around strategic levers, how much was the benefit year-over-year in margin from some of those actions and the operational actions? Is that largely operations led? Of course, travel has come down dramatically. We haven’t, and we don’t mention the deal sizes. Narayana Murthy … This translates to a 2.2% growth year-on-year and 1.9% for H1 year-on-year in constant currency. Analysts: Yogesh Aggarwal — HSBC Securities — Analyst Check out why Infosys share price is falling today. We believe our localization approach is a significant market differentiator and will help us better navigate regulatory changes. Live TV. That’s very helpful. FCF for quarter two was a healthy $674 million, which is a growth of 70% year-on-year and 59% in H1 growth of year-on-year. That’s a big — practically over $6 billion business growing at 25%, which is quite remarkable. Our operating cash flow was at $793 million, a 52% increased year-on-year. What is your understanding on the attrition level going forward? I don’t know there will be an acceleration. I’m grateful to our clients for their continued trust in us and I’m proud of our team for their incredible commitment to our clients. Updated: 14 Oct 2020, 05:15 PM IST … I think most of my questions have been discussed. Sorry. Thank you. Manufacturing segment was stable during the quarter, which is a massive improvement from the sequential decline in quarter one. Thank you very much, and congratulations. H1 EPS grew by 9.5% in dollar terms and 17.1% in INR on a year-on-year basis. We now announced plans to hire an additional 12,000 U.S. workers over the next two years, bringing our hiring commitment in the U.S. to 25,000 over five years. Board of Directors at a meeting held on October 9, 2009 discussions quite a big — over! Is built with strong partnerships with leading SaaS, PaaS and infra-as-a-service companies across public, and... Dividend and 30 October as the record date for the team on when! 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