Infosys Q2 Profit Rises 4.73%, Revenue Up 5.11% YoY

20 Oct 2024 , 07:16 PM

Infosys reported its Q2 results on October 17, 2024, with revenue growth of 5.11% year-over-year and profit increasing by 4.73%. Compared to Q1, Infosys saw a revenue rise of 4.25% and a 2.17% profit increase, reflecting steady performance.

Selling, General & Administrative (SG&A) expenses dropped by 2.31% quarter-over-quarter, though they increased by 5.32% year-over-year, hinting at better cost management. Operating income grew by 4.36% quarter-over-quarter and 4.53% year-over-year, signaling continued operational efficiency.

Earnings Per Share (EPS) for Q2 stood at ₹15.84, reflecting a 4.29% growth year-over-year, reinforcing investor confidence in Infosys’ profitability.

In stock market performance, Infosys delivered returns of 2.56% over the last week, 39.45% over the past six months, and 28.28% year-to-date, indicating strong stock performance.

Infosys’ market capitalization stands at ₹8,15,167.4 Crore with a 52-week high of ₹1991.45 and a low of ₹1344.08, reflecting solid stability in the tech industry.