Live blog recap: Infy net profit rises 10.3%

Infosys announced second-quarter results on Oct.16. Find a recap of our live blog below.

IT Major is set to announce its quarterly results at 4 pm on Tuesday, amid weakening rupee

Impact of a strong dollar: The company earns over 67% of its revenues from the US geography - highest among the Tier I companies. Aided by a strong dollar, TCS recently saw its earnings jump by 23%. It would have bearing Infosys' earnings

The company’s attrition in the last quarter spiked up to 20.6% last quarter, a historical high. More disconcerting for the company was elevated attrition in the category of high performers as well.

Motilal Oswal expects India’s second-largest IT services firm to report profit of Rs 4,150 crore

TCS, last week, said that it has seen the highest net addition in the workforce during the last quarter. TCS also said that it's planning to hire 28,000 fresh graduates this year. It would be interesting to see what's in store for Infosys.

In April 2018, Infy announced a Rs 13,000 crore corpus for its shareholders under capital allocation policy.

Aided by weak rupee, according to most analysts, Infosys earnings will be in excess of Rs 4,100 crore.

The company's stocks are on a rise. On BSE, Infy stock was trading Rs 2.30 higher Rs 701.40 per scrip at 2:28 pm.

In a big concern, Infosys had witnessed an attrition rate of 20.6% in the first quarter of this year- its highest ever

Earlier this week, Infosys announced closure of Fluido acquisition for €65 million

Infosys’s digital business grew 25.6% in constant currency terms and accounted for 28.4% company’s revenue in the first quarter

Infosys is looking to sell off Panaya, its subsidiary acquired during former CEO Vishal Sikka's tenure

The company likely to announce new CFO who will be succeeding M D Ranganath

Infosys, India's second largest IT services company, on Tuesday announced 10.3% rise in net profit at Rs 4,110 crore

Infosys has declared interim dividend of Rs 7 per share

Revenues for the quarter were Rs 20,609 crore, a growth of 17.3% YoY and 7.7% QoQ

FY 19 revenue guidance in constant currency retained at 6%-8%

Infy on Tuesday offered its shareholders a visit to the company’s campus in Mysuru on November 24, 2018. Shareholders who would like to visit the campus need to register at www.infosys.com .

“We are delighted with our broad-based growth across all business segments and geographies during the quarter. This is a testimony to our strong client relationships, digital led full service capabilities," Salil Parekh, CEO and MD.

Infosys' large deal wins crossed $2 billion in the second quarter

Infosys on September 7th received the Arbitral Tribunal decision with regard to the dispute between Infosys and its former CFO Rajiv Bansal. Infosys also received legal advice and now decided to pay the compensation to Bansal.

Infosys will have to pay Rs 12.17 crore plus interest to Rajiv Bansal

Infosys' digital revenue share touched 31% in Q2

About 7,834 employees were added in the second quarter and the company's attrition stood at 22.2%.

Infosys CEO and MD Salil Parekh's total total restricted stock units (RSU) grant has reached 2,17,200 by the end of the second quarter.

Infosys revenue from products and platforms touched $148 million during the second quarter compared with $141 million during the same period in the previous fiscal.

Employee cost benefits of the company have jumped 16.2%

Infy CEO Salil Parekh says that the company is looking at the various possible candidates for next CFO.

On Panaya acquisition, Parekh says "We are where we were a quarter back," in a reply to DH. There has been no further devaluation in the Panaya value.

Infosys on Tuesday said it will provide transport from its registered office in Electronics City, Bengaluru and incur all associated costs for visit of shareholders from Bengaluru to its campus in Mysuru.

On September 7, 2018, Infosys Consulting Pte Limited entered into a definitive agreement to acquire 60% stake in Trusted Source Pte Ltd, a wholly-owned subsidiary of Temasek Management Services Pte. Ltd.

Infosys has fixed October 27, 2018 as record date for interim dividend and October 30, 2018 as payment date. It has declared Rs 7 per share as interim dividend.