Infosys, the country’s second largest information technology services company, announced on Friday, October 23 that its consolidated net profit for the second quarter of the current financial year rose 6% year on year to ₹7,823 crore, up from ₹7,364 crore a year earlier. On a sequential basis the profit increased 0.7% to ₹7,823 crore from ₹7,769 crore. The company’s revenue from operations grew 11% annually to ₹49,244 crore, and on a sequential basis it rose 2.14% from ₹48,211 crore.

In dollar terms, Infosys’ revenue rose 1.5% sequentially to $5,145 million, and in constant currency terms the company registered revenue growth of 1.2%. The Bengaluru‑based firm reported that its revenue from operations during the quarter rose 11% annually to ₹49,244 crore, and on a sequential basis it increased 2.14% from ₹48,211 crore.

Infosys said its revenue from artificial intelligence (AI) accounted for 10.5% of total revenue and grew 29% quarter on quarter. Operating margin remained stable at 21.0%. Earnings per share grew 8.7% year on year in rupee terms. Total contract value of large deal wins reached $5.2 billion, with 62% net new, according to the company. The CEO highlighted a mega deal of over $2 billion and stressed the firm’s position as a trusted partner for large, complex transformation programmes for enterprises worldwide.

The company cut its revenue growth guidance for the current financial year to 1%-2% from the earlier 1.5%-3% range, while maintaining operating margin guidance of 20%-22%. The board announced an interim dividend of ₹26 per share. CFO Jayesh Sanghrajka said the firm delivered 21.0% operating margins in Q2 amid heightened volatility, attributing stability to cost and operational efficiency measures alongside necessary investments.

Key deal wins in the quarter included a collaboration with Mondelez International to drive supply‑chain transformation through AI‑enabled decision‑making, data standardisation and intelligent enterprise workflows. Infosys also entered a ten‑year strategic agreement with Crocs, Inc. to accelerate its IT transformation and support scalable global growth, and partnered with Knorr‑Bremse, Metsä Group, and NTN Corporation on AI‑enabled enterprise and digital transformation initiatives. Investec selected Infosys Finacle to lead its digital banking transformation via the Finacle SaaS platform on Microsoft Azure. Shares closed 0.04% higher at ₹1,153.80 ahead of the earnings announcement.