The uptick in business has been in areas that banks are investing in significantly post-COVID. And so those are specific areas where we see tremendous growth and a good organic business within the company. The increase in capex spend during the quarter was mainly towards technological enablement of our employees. So the number of hiring was on the lower side this quarter. So there, Diviya, I think we add — if you look in the previous financial year numbers, growth numbers around 30, 35, in one of the quarters before that even higher, but there are two factors. 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. Yeah, Kawal. The company announced an interim dividend of Rs 8 per equity share. Cobalt has 200 industry templates and 14,000 cloud components available to our clients for their cloud choice programs. So you can always see these ups and downs as well. But the reality is, once the market opens up, there will be some amount of attrition going up because there will definitely be a war for talent. 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. Lastly, my heartfelt condolences to the families of five of our colleagues whom we have lost due to the pandemic. View Infosys Ltd Dividend announcement date, Ex-dividend date, Interim dividends, final dividend I’ll answer the second one on the digital and cloud and the first — and the third, Pravin will come back. Thank you. Fair enough. Infosys Q2 net profit up 20.5% at Rs 4,845 crore; raises revenue forecast for FY21 The Bengaluru-based company's revenues rose 8.5 per cent to Rs 24,570 crore in the quarter under review, from Rs 22,629 crore in the year-ago period. Net sales grew to $2.44 billion from $1.99 billion last year, which shows, © 2020 AlphaStreet Inc. All Rights Reserved, Infographic: Micron (MU) Q1 earnings, revenue top expectations, Conagra Brands meets revenue target in Q2, Constellation Brands (NYSE: STZ) Q3 2021 earnings: Infographic. Onsite offshore effort mix improved by 190 bps to 26.1%, the lowest ever. No one quite knows what the scenarios could be. Obviously — probably, I mean, if you look at historical thing, maybe the percentage of net new in this pipeline is probably on the higher side. 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. I now hand the conference over to Mr. Sandeep Mahindroo. Nilanjan Roy — Chief Financial Officer. Corporate Participants: Sandeep Mahindroo — Financial Controller and Head – Investor Relations. The notification read, "Fixed October 26, 2020 as record date for interim dividend … On the first, there were three M&A transactions we did over the last three months. Top Searches. Privacy Policy. And the second is, how are clients funding these spends? 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 have a good pipeline of deals. I mean at this stage, I can’t really quantify how much higher it is, but it’s definitely on the higher side. Infosys Limited, Inc. (INFY) CEO Salil Parekh on Q2 2019 Results - Earnings Call Transcript Oct. 16, 2018 Infosys Limited, Inc. (INFY) CEO Salil Parekh on Q1 2019 Results - Earnings Call Transcript 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. Categories Earnings Call Transcripts, Technology, Infosys Limited (NSE: INFY) Q2 2021 earnings call dated Oct. 14, 2020, Sandeep Mahindroo — Financial Controller and Head – Investor Relations, Salil Parekh — Chief Executive Officer and Managing Director, Pravin Rao — Chief Operating Officer and Whole-Time Director, Yogesh Aggarwal — HSBC Securities — Analyst, Keith Bachman — BMO Capital Markets — Analyst, Sandip Agarwal — Edelweiss Capital — Analyst, Kawaljeet Saluja — Kotak Securities — Analyst, Ladies and gentlemen, good day, and welcome to the Infosys Earnings Conference Call. The second relates to efficiency which is focused on automation, cost efficiency and how the IT estate can essentially be modernized in that sense and made to be more efficient for our clients. So we don’t see anything negative in the outlook. Yeah, hi. News. I think this was asked before, but maybe you can unpack this a bit more. Could you quantify that please? That’s very helpful. Our service delivery continues to be exceptional. And some of the acquisitions we are doing are also further strengthening already where we are good and where we can expand faster. So it’s not that all this money flows into the bank. Understood. Quarter two marked 21 consecutive quarter of positive forex income despite significant currency volatility across the globe. What we do have is a fairly clear view of which areas. Please go ahead. But yes, I think generically we would look at other markets as well. So my sense is, many of those will play out over time, but we have seen some early benefit of it, but not a material benefit. Infosys Q2 Results: ANNOUNCED! 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. Consolidated Ind AS Financial Statements for three and six months ended September 30, 2019 And the second question is related to, is there a limit that you see for offshore work? We believe our localization approach is a significant market differentiator and will help us better navigate regulatory changes. Infosys on Wednesday reported a 20.5 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 4,845 crore for the quarter ended September 30, 2020 (Q2FY21). In the past 12 months, Infosys Ltd. has declared an equity dividend amounting to Rs 21.50 per share. Please go ahead. Thanks, Sandeep. 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. Please go ahead. Hey, thank you very much, and congratulations for the team. the onsite pyramid as well. You did mention that this time we had a one-time offshore shift because of travel restrictions. Part of it I think is some of the strategic choices we’ve made and investments we’ve made over the past several years. As we continue to wait through the continuing complexity caused by the pandemic, our rock-solid focus on client relevance and employee well being is helping us navigate this challenge successfully. So as we mentioned, what we call visa-dependent employees in the U.S., currently we are at about 37%. 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. Wish you all the best for the rest of the year. This metric is important for investors wanting a significant dividend outlook for a particular investment. So that has its own sets of constraints especially in services type of companies. I think you are right. Thanks again. 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. So when do you think this will probably stabilize or you think it will continue for long in the same way? Collections remained robust with DSO reducing by two days to 69. It has been the most critical element in serving our clients. 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. We have discussions in those areas where we see some traction. So bit premature to talk about that. Looking ahead, we continue to see strong traction in our business. Please go ahead. The salary increase process will restart now and will be effective as of January 1, 2021. This is Salil. We did something in product design. Infosys Q2 result highlights: Infosys has declared interim dividend of Rs 7 per share. Thanks for taking my question, and congrats on a great quarter. Let me share with you some of the highlights for Q2. Sure. Commitment of our employees has been incredible. Large deal wins in quarter two was the highest ever at $3.5 billion. What was the growth rate of that year-over-year, is my first question. New Delhi: With the onset of the Q2 FY 2019-20 corporate earning season, India’s IT bellwethers -- TCS and Infosys -- have announced dividends before the mega festivities of Dhanteras and Diwali. And now let me request Pravin to update you on our operations. But in absolute, you’re right, the onsite offshore mix has helped the overall employee cost to come down. Just as a follow-up to that. Understood. Thank you. The numbers also topped expectations and the company’s stock gained during the. Thanks for the opportunity. Infosys Q2 net profit beats expectations with 20.5% YoY surge to Rs 4,845 | Photo Credit: PTI ... we are increasing our interim dividend per share by 50% to Rs 2,” he added. While we strive to produce the best transcripts, it may contain misspellings and other inaccuracies. Over to you, Pravin. Let me start with the first one. Analysts: Yogesh Aggarwal — HSBC Securities — Analyst 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. Moving to business segments. And how much is the inorganic included in your updated ’21 revenue growth outlook? Infosys CEO and Managing Director Salil Parekh said, "The second quarter performance is a … Did I heard you right when you said that the vendor consolidation is still something that you are in talks with the clients and we haven’t yet seen a new major lead or a relationship conversion so far. Thanks, Yogesh. And so I think these are the two large ones. While there are disruptions for segment, we are seeing opening up of pockets, although the pace of recovery may remain sluggish. Infosys Q2 result highlights: Net profit jumps to Rs 4,110 cr, dividend announced Infosys Q2 Results Highlights: The company said that it has witnessed a 'broad-based growth across all business segments and geographies during the quarter'. And we are delighted with the growth we’ve seen overall and in digital and with the margin profile of our business. Yes. It’s — there are not obviously loads of them, but there is a decent number of them and there is a decent number of other sizes as well. So things will come back to normal. Hi. And then the other two, Pravin can jump in with the answers. Is there a limit on how high you think that percent could go? Infosys share price live updates on The Economic Times. The next question is from the line of Kawaljeet Saluja from Kotak. 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. One, obviously, it’s the combination of the market, but it’s also how we have reacted to the pandemic, the focus that we have put in terms of employee welfare, a lot of engagement with the employees in the virtual world. But like I said, this is temporary due to the travel restrictions imposed. Thank you. Thank you for the opportunity. Part of it, I think has been with the demand environment itself in a good shape specifically for these sorts of activities where the investments have come. Energy, Utilities, Resources & Services vertical is also under pressure due to constrained spending in the oil and gas, travel and hospitality and resources sector. So that will probably have a varying in terms of how — I mean, the percentage of net new. Infosys declared interim dividend of ₹8 per share.Q2 revenues of Infosys grew 11.4% year-on-year in constant currency The next question is from the line of Diviya Nagarajan from UBS. 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. 10.00 per share. For the other piece, Pravin, do you want to go ahead please? Interim Dividend. And about 2,500 laterals. So I don’t see that there is some sort of a ceiling there. Is that largely operations led? The types of things we are seeing in our deal pipeline and what we’ve closed, essentially three areas. Live TV. This was achieved after rewarding our employees with variable pay at 100% and awarding a one-time special bonus. All Rights Reserved. We have seen some improvement in productivity as well to our automation. And best of luck for next quarter. Large deal wins, which are wins of worth about $50 million in TCV per contract were at $3.15 billion. And there is none of that a large sort of thing coming in into the RPP. This is Salil. Utilization in quarter two improved by 240 bps to 83.6%, mainly on account of improvement in offshore utilization. Looking at what they’re doing at revenues starting earlier on localization, an extreme focus on rescaling that we’ve put into place and our own internal digital infrastructure, which has helped us. So just the first one, quickly on RPP, the 100 bps is a combination of multiple factors. And should that — if I mean one assume as a more sustainable band going forward or any thoughts on this could be welcome? Please go ahead. I think what is also critical is as we see more and more growth that’s going on which relates to experience and how design is working through some of our digital studios, we see some of that work also expanding, and that work has benefits from having some proximity and this can also be done from an offshore perspective. share . It’s been a small number anecdotal. In the past 12 months, Infosys Ltd. has declared an equity dividend amounting to Rs 21.50 per share. Thank you very much. My question is also on profitability. Are you seeing a lot more app modernization, cloud migration? Jomy Pullokaran. So that means that part of the core gets modernized and now that gets content on the digital. 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. 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. It has helped us in the first half, but will start impacting the margins. 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. 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. We definitely see market share gain going on in that play. 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. On the headcount, obviously, the headcount increase will be in line with the growth. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase. Please go ahead. H1 EPS grew by 9.5% in dollar terms and 17.1% in INR on a year-on-year basis. Consequently, we are increasing our interim dividend per share by 50 per cent to Rs 12." 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. Obviously, the IT spend is not increasing, so they are really funding this digital transformation initiatives by taking cost out from the core through automation and other means. 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