Infosys tumbles after not-so-impressive Q2FY17 numbers
DSIJ Intelligence / 14 Oct 2016
Infosys declared its Q2FY17 results on Friday, October 14. The IT major's revenue increased by 3.05 per cent to Rs 18070 crore in Q2FY17 as compared to the previous quarter.
Infosys declared its Q2FY17 results on Friday, October 14. The IT major's revenue increased by 3.05 per cent to Rs 18070 crore in Q2FY17 as compared to the previous quarter. Its EBITDA too rose by 5.63 per cent to Rs 5493 crore in Q2FY17 on a quarterly basis. Infosys’ EBITDA margin expanded by 65 basis points to 30.4 per cent in Q2FY17 as compared to the previous quarter. The company’s net profit witnessed a negligible rise of 1.74 per cent to Rs 3517 crore in Q2FY17 on a quarterly basis.
Infosys added 10 new clients in Q2FY17. The company has 577 clients in 1 million USD band, 277 in 5 million+ band, 186 in 10 million+ band, 89 in 25 million+ band, 54 in 50 million+ band, 30 in 75 million+ band, 18 in 100 million+ band, 6 in 200 million+ band, 1 client in 300 million+ band.
Infosys witnessed volume growth 4 per cent in Q2FY17. The company’s utilisation excluding trainees up by 200 basis points sequentially to 82.5 per cent in Q2FY17.
On segmental revenue front, Infosys earned 27.07 per cent from financial services; 10.7 per cent from manufacturing, 22.32 per cent from energies & utilities, communication and services; 16.37 per cent from retail, consumer packaged goods logistics; 12.07 per cent from life sciences, healthcare and insurance; 7.74 per cent from hi-tech; 3.73 per cent from others in Q2FY17.
Infosys revised outlook for FY17, its revenue guidance to remain at 8 to 9 per cent against 10.5 per cent to 12 per cent in constant currency terms.
The share price of Infosys declined by 5.31 per cent on bourses in early trades and is trading at Rs 1021.75 on an intraday basis.
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