And we are delighted with the growth we’ve seen overall and in digital and with the margin profile of our business. The sequential improvement in margins was led by 100 basis points improvement due to increase in RPP, 80 bps due to a 2.4% increase in utilization and 80 bps due to a 1.9% improvement in onsite offshore mix, partly due to the temporary travel restrictions. 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. But at the end of the day for Infosys the margin band has kept on bouncing around quite a bit in the last three years to four years. Any natural barriers to that moving higher which is a significant enhancement of margin? The Board of Directors at a meeting held on October 9, 2009, declared an interim dividend of Rs. Cash Dividend Payout Ratio measures the amount of cash dividends that a company pays out in comparison to their total cash flow available to shareholders. Revenues in constant currency grew at 2.2% year-on-year and 4% sequentially on the back of a very strong Q1, a growth for H1-over-H1 was 1.9% in constant currency terms. Thank you. And in fact, we’ve raised our guidance keeping very much in mind the strong demand that you see and the good conversion large deals that we have in place. This is Pravin here. So we watch and see how that goes over the next few quarters. I’ll go with that. You can view Announcement Date, Effective Date, Dividend Type (Interim, Final and Special), … Yeah, hi. You did mention that this time we had a one-time offshore shift because of travel restrictions. What is within our — generally speaking, within our large deal wins in the last few quarters plus the pipeline, we have a decent size of mega deals. This translates to a 2.2% growth year-on-year and 1.9% for H1 year-on-year in constant currency. Operating margins expanded by 270 basis points sequentially to 25.4%. Infosys Q2 results: Net profit falls 2.2% to Rs 4,019 crore; board approves interim dividend Infosys also announced an interim dividend of Rs 8 per equity share. News. And for us that is the most critical part is to continue to show stability rather than exactly what you mentioned was a much more volatile. Higher net new is definitely good news. 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. Consolidated Ind AS Financial Statements for three and six months ended September 30, 2019 So just the first one, quickly on RPP, the 100 bps is a combination of multiple factors. What is your understanding on the attrition level going forward? And the second is, how are clients funding these spends? Nilanjan Roy — Chief Financial Officer. One, our size of the digital also is quite larger, it’s pretty close to half our company today. So I’ll answer the first one. The way we are seeing, first, overall digital growth continues to be robust at 25%. Hi. Infosys announced dividend for (Q2) … So we were $150 million, we exceeded that. Did you say how much the Vanguard deal was within the $3.15 billion of signings? Hi, Moshe. Is that the right way to understand that? Infosys Limited (INFY) Q2 2020 Earnings Call Transcript INFY earnings call for the period ending September 30, 2019. Yes. I had a couple of questions as well. Now many of our companies work with a certain aspirational margin band. The increase in capex spend during the quarter was mainly towards technological enablement of our employees. We see a tremendous traction on the cloud side and we feel in quite good in many cases. We’ve seen few small things moving. Infosys Limited NSE Symbol:INFY, BSE Security Code:500209 informed the stock exchange, that the Board of Directors of the company have declared an interim 240.00% dividend of Rs.12.00 per equity share of face value of Rs.5.00 for the fiscal year 2020-21. We see a very good guidance increase on revenue. Infosys Q2 result highlights: Infosys has declared interim dividend of Rs 7 per share. And if you move to a hybrid model, it remains to be seen how much of that benefit we can keep and we will have to invest more in technology, in communication and security. About 3,000 were freshers, both in India and abroad. But we still see despite all of that that there will be both volume growth and revenue growth, which is within our pipeline. Our utilization, if you recall, was much lower in quarter one and it has been put significantly. The types of things we are seeing in our deal pipeline and what we’ve closed, essentially three areas. Corporate Participants: Sandeep Mahindroo — Financial Controller and Head – Investor Relations. First was the cost deferrals, which we’ve talked about in terms of promotions, the wage hikes, the recruitment fees, which we had implemented at the beginning of the quarter, first quarter. Onsite offshore effort mix improved by 190 bps to 26.1%, the lowest ever. Improved Q2 margin performance has consequently led to H1 operating margins at 24.1%, higher than the 21% to 23% band and 3% higher compared to 21.1% reported for the comparative prior period. Please go ahead. They are one-timers in terms of deferrals. Infosys Q2 results: Key highlights - The revenues totalled Rs 24,570 crore, marking a growth of 8.6 per cent y-o-y and 3.8 per cent q-o-q. The Infosys logo (REUTERS) Infosys Q2 results: Net profit rises 21% to ₹ 4,845 crore, beats estimates 1 min read. The next question is from the line of Moshe Katri from Wedbush Securities. Looking ahead, we continue to see strong traction in our business. Hi, everyone. As well, of course, aspiration is always to improve margins, but in no way can we take the 23% to 24% as something which you can model and go ahead from. Thanks, Salil. So I don’t see that there is some sort of a ceiling there. And then two quick housekeeping ones. Our service delivery continues to be exceptional. Hey, thank you very much, and congratulations for the team. So that impact is going to be very marginal for the rest of the year. Hopefully, we keep up the execution and that sustains for us. If I may just sneak in one last question. We’ve talked about that from 1st of January, we will rollout wage hike across all levels. Consistent with the improved cash flow and our capital allocation policy, the board has declared an interim dividend of INR12, which is a 50% growth over the interim dividend per share of FY ’20. We’ll not quantify it in our business model the percentage that will come in that sense from M&As. Our industry-leading performance over the first half of this year has been due to the immense commitment of our over 240,000 employees. Performance in Communication segment remained weak given pressure on spending especially in media, entertainment, advertising and OEM segments. Financial Services saw continued improvement in performance both on year-on-year and sequential basis. Recently the U.S. Department of Labor and Homeland Security issued two separate rules, restricting the H-1B Visa program on both scrutinizing qualifications and mandating significantly higher wages. 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. Sensex Today. And do cost take-out a figure in kind discussions quite a lot? I am asking this question is, our small competitors like EPAM and others in other geographies, they are growing probably at the same percentage at a much lower base, but they have this advantage of core not being hurting them. Employees are really appreciative of how the company has gone beyond this one in terms of enabling them to work from home as well as dealing with the current crisis. The past three months also saw us announce three acquisitions; GuideVision, focused on ServiceNow; Blue Acorn, focused on Adobe; and Kaleidoscope, focused on medical product design. In terms of freshers in India, this year, we expect to add about — onboard about 16,500 people. We don’t see any — there are no specific constraints from which we model 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. One is on the deals that we have won so far, obviously, there is a lot that’s already spoken about, Vanguard. But for us, we are confident that our strategic levers will continue to help us, making sure that we continue to stay in a stabilized margin environment. And many of the large deal wins, almost every large deal win that we win also has an element of modernization of legacy. And all the best for the future. Infosys share price live updates on The Economic Times. 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. What is that target? We continue to have a strong pipeline of deals in this segment and have won two large deals in the last quarter which should help in stabilizing performance for this segment. What we do have is a fairly clear view of which areas. Yield on cash balance improved to 6.33% in Q2 compared to 6.11% in the previous quarter. Consequently, we are increasing our interim dividend per share by 50 per cent to Rs 12." I think the main thesis, as you alluded, is really taking cost out of existing estate through automation or other means and funding it — funding programs which gave the growth, differentiation, access and experience for our clients for their work going forward. And in fact, we are seeing tremendous uptick in digital transformation, which started about couple of years back and this pandemic has only accelerated it as every client is looking at how to become resilient in the post-COVID world. Part of it I think is some of the strategic choices we’ve made and investments we’ve made over the past several years. Work from home is very, very premature as of now in terms of what does it do for facilities or travel, but we think that some of this will come back. Moving to business segments. Today we have considered a scenario which is based on how we’ve seen the trajectory move in the global economy in Q1 and Q2. 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. It’s been a small number anecdotal. And then the other two, Pravin can jump in with the answers. also were cut back. We believe our localization approach is a significant market differentiator and will help us better navigate regulatory changes. Infosys Q2 net profit up 20% at Rs 4,845 crore, revises FY21 revenue guidance - Infosys revenues totalled Rs 24,570 crore, marking a growth of 8.6 per cent y-o-y and 3.8 per cent q-o-q. No one quite knows what the scenarios could be. Got it. So that is question number one. We won 16 large deals in quarter two, out of it, six deals were in financial services, three deals in retail, two deals each in communication and high-tech and one deal each in energy utility resources services, manufacturing and others. I’m Sandeep from the Investor Relations team in Bangalore. This was achieved after rewarding our employees with variable pay at 100% and awarding a one-time special bonus. Thank you. My own sense is I think given the nature of the pandemic and how clients are reacting to it, you will see a lot more of spend on technology. We have seen some benefits of that temporarily. So when do you think this will probably stabilize or you think it will continue for long in the same way? We’ve generally modeled it from a view of what we’ve seen as a past view of the business plus the current deals that we have closed and the pipeline that we’re seeing, and we are seeing good traction all around, as we’ve described, and it’s a big change zero to two to two to three. Infosys Q2 Earnings: Infosys declared an interim dividend of Rs 7 per share, which will be paid on October 30, it said in a statement. But like I said, discount always are not secular. There are different things that have opened up as we’ve all learned from both the clients and us through the course of the last six months. This is Salil. View Infosys Ltd Dividend announcement date, Ex-dividend date, Interim dividends, final dividend Given that there is definitely a scenario where we are looking at possible acceleration in digital spend overall, how do you see the scope for this number accelerating in the next 12 months, 24 months? The company announced an interim dividend of Rs 8 per equity share. However, the current volatility is presenting significant opportunities for cost take-out, and we continue to build a strong pipe. I heard you quote a $50 million target that you were looking at for your strategic cost initiatives savings. 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