And if yes, I mean, should that — when does the impact of that will come in into RPP going forward? ©2009-2020 Stock Infinities & Infinities Group. I’ll come back to you before the call end. Dividend: The company declared an interim dividend of Rs 12 per equity share and fixed October 26, 2020, as the record date for interim dividend and November 11, 2020, as the payment date. On vendor consolidation, there is discussion. Firstly, while you have upgraded guidance, the second half implied guidance doesn’t look that strong, largely in line with the seasonality despite such strong deal wins, and there is a little bit contribution hopefully from the acquisitions as well. Q2 EPS grew by 14.9% in dollar terms and by 20.8% in INR on a year-on-year basis. Corporate Participants: Sandeep Mahindroo — Financial Controller and Head – Investor Relations. 10.00 per share. 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. The company announced an interim dividend of Rs 8 per equity share. Do you see client funding incremental spends through higher offshore shift going forward? Number of visas currently at use of your employee base in the U.S. either net new or renewals that are — but just current number of employees out of your employee base that are subject to visas in the U.S.? We are also increasing the margin guidance for this year from 21% to 23% to 23% to 24%. Based on the strong performance in H1, we are increasing our guidance on revenue for FY ’21 to 2% to 3% in constant currency terms from the previously announced 0% to 2%. It’s finally — I mean, we have got a healthy mix of both renewals as well as net new in the mix. Is that the right takeaway? That absolutely helps. Stay safe. We haven’t, and we don’t mention the deal sizes. Thanks, Margaret. Thank you. Pravin Rao — Chief Operating Officer and Whole-Time Director. Cobalt is built with strong partnerships with leading SaaS, PaaS and infra-as-a-service companies across public, private and hybrid cloud environments. Free cash flow as a percentage of net profit was 103% for Q2 and 116% for H1. Thanks, Sandeep. So I think those are the combination of things which are sustaining us. So that is question number one. On the core shrinkage, I mean, today when we look at what’s happening, plan for investing in technology to deal with the pandemic, building resiliencies, fixing supply chain issues and so on. The types of things we are seeing in our deal pipeline and what we’ve closed, essentially three areas. You can view Announcement Date, Effective Date, Dividend Type (Interim, Final and Special), … Benefits from reduction in SG&A and other expenses were offset by increase in depreciation and amortization and cross-currency headwinds. We added 96 clients during the quarter, while the number of 100 million clients increased by sequentially to reach 30 at the end of quarter two. It has helped us in the first half, but will start impacting the margins. Yeah. Over to you, Pravin. Infosys declared interim dividend of ₹8 per share.Q2 revenues of Infosys grew 11.4% year-on-year in constant currency 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. Thanks, Pravin. Manufacturing segment was stable during the quarter, which is a massive improvement from the sequential decline in quarter one. On the second one, Pravin will comment on the net new and the renewal. Today, 99% of our workforce continues to work from home. 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. And the third, we are seeing some in the pipeline which is on consolidation, vendor consolidation where its benefits we will see over the next few quarters in terms of conversions. We’ve had an exceptional quarter in the second quarter across multiple dimensions; client impact, revenues, digital scaling, large deal wins, continued account expansion, operating margin expansion, strong cash flows and reduction in employee attrition. And second, what kind of a macro environment are you building in your guidance given that the band also is now reduced? Hi, Kawal. This translates to a 2.2% growth year-on-year and 1.9% for H1 year-on-year in constant currency. Pravin Rao — Chief Operating Officer and Whole-Time Director. I mean at this stage, I can’t really quantify how much higher it is, but it’s definitely on the higher side. The next question is from the line of Bryan Bergin from Cowen & Company. We have a good pipeline of deals. 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. In keeping with some of that and our own capabilities, we launched our own cloud, set of assets under the name of Infosys Cobalt. And first of all, congrats on excellent execution and excellent numbers. Just two clarifications, if I may. So the way to look at it is, you have — I mean, you have a pie IT spend. But like I said, this is temporary due to the travel restrictions imposed. One, our size of the digital also is quite larger, it’s pretty close to half our company today. 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. I said there is no way you can take the 23% to 24% as a sustainable number going forward. This is Salil. Do you expect that kind of stabilize and go back to where it was pre-COVID as customers start to stabilize? So we will obviously try to drive that faster still, but we also have a large size, so we have to find a way to keep it at this level as well. The feedback from clients remains positive and the dedication of employees is tremendous. We’ve talked about that from 1st of January, we will rollout wage hike across all levels. Thank you. Narayana Murthy … 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. On the headcount, obviously, the headcount increase will be in line with the growth. Privacy Policy. On the first, there were three M&A transactions we did over the last three months. So we were $150 million, we exceeded that. I think you are right. [Operator Instructions]. 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. So bit premature to talk about that. Hi. Thank you. So we’ve been very, very conscious that we need to get the stability in margins, which is why the 21% to 23% margin guidance was given in the prior two years. The way we are seeing, first, overall digital growth continues to be robust at 25%. Is this due to some planned offshore shift or conservatism on the outlook based on something you are seeing out there and building it? I now hand the conference over to Mr. Sandeep Mahindroo. This quarter we had 5,005 additions. Yeah, Kawal. In terms of the offshore, is there a natural limit, I think there is certainly an ability for more of the work to be done offshore. On the back of a strong quarter one, quarter two continues to show up improving performance with our unwavering focus on client relevance, operational excellence, cost and liquidity management. We have seen some improvement in productivity as well to our automation. And there are times when lot of renewals were due for — come due in a particular quarter, but it’s obviously very positive thing. One is on the deals that we have won so far, obviously, there is a lot that’s already spoken about, Vanguard. And so I think these are the two large ones. So is that largely for offshore mix? At the current share price of Rs 1286.25, this results in a dividend yield of 1.67%. Many of these, like I said, will not be sustainable. Okay. And secondly, and I appreciate that you said that there are some strategic cost levers and there are some that you cannot predict given the fluidity of the situation. Part of it I think is some of the strategic choices we’ve made and investments we’ve made over the past several years. So I think on the offshore perspective, if I got it right, you were suggesting that the — so far the offshore shift is travel restriction-based, but there could future offshore shifts based on the experience that we have seen so far. We did something in product design. I’m grateful to our clients for their continued trust in us and I’m proud of our team for their incredible commitment to our clients. Yeah, hi. 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. So like I mentioned in my speech that we have seen this benefit both of our three levers which we kick-started at the beginning of the year. I think these are the two broad questions. Infosys Ltd. has declared 43 dividends since Oct. 25, 2000. Thank you. And some of the acquisitions we are doing are also further strengthening already where we are good and where we can expand faster. 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. And you can see from our actions, we really make sure we addressed that absolutely fully. Some of the more discretionary expenditure like brand building, etc. Thank you. Any opinion expressed in the transcript does not necessarily reflect the views of AlphaStreet, Inc. © COPYRIGHT 2020, AlphaStreet, Inc. All rights reserved. And the second is, how are clients funding these spends? Third is the strategic cost lever, which for us is the most important. I had a couple of questions as well. Nilanjan Roy — Chief Financial Officer. And then just as a follow-up. On the back of cost optimisation this interim dividend payout is a 50 per cent on year increase Get more Personal Finance News and Business News on Zee Business. I had two questions actually. And within the IT spend, clients actually mix between core, I mean they will invest some in core, but they will also look at how to optimize core so that they can fund some of the newer technologies and some of the discretionary spend that they need to stay competitive. Clearly this is an exceptional year in more ways than one with so many moving parts and variable element. This is Salil. There are markets which we would love to be in. 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. I trust each of you are safe and healthy. This is Salil. The uptick in business has been in areas that banks are investing in significantly post-COVID. My sense is those things will play out over multiple quarters because this is a business which had an inherent stickiness, but there have been a big change in perceptions in this COVID time in work from home, delivery quality impact, stability of company and so on. On the first one, Pravin, you want to go ahead? 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. The next question is from the line of Kawaljeet Saluja from Kotak. The sustained localization investments will ensure that we are able to continue servicing our clients across markets with the combination of local and global talent. And just lastly, the pandemic has clearly given you significant margin tailwind. No one quite knows what the scenarios could be. Updated: 14 Oct 2020, 05:15 PM IST … Thanks, Nilanjan. Infosys Limited (INFY) Q2 2020 Earnings Call Transcript INFY earnings call for the period ending September 30, 2019. 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. So we don’t see anything negative in the outlook. And next year, we are planning to add another 15,000 people, mainly freshers in India. 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. Neither the information nor any opinion expressed in this transcript constitutes a solicitation of the purchase or sale of securities or commodities. Yeah, hi. And so those are specific areas where we see tremendous growth and a good organic business within the company. 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. The point on the cost discounts versus RPP client discussions, I think as Nilanjan was sharing, the environment in Q2 especially has been quite stable vis-a-vis discount is — what I mean is not anything unusual. Now on the attrition, obviously, the attrition that we have today is one of the lowest we have seen in the history of Infosys. Our utilization, if you recall, was much lower in quarter one and it has been put significantly. 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. Ladies and gentlemen, that was the last question for today. So the number of hiring was on the lower side this quarter. Thank you very much, and congratulations. But as long as your overall growth — you are also seeing overall growth, then it’s positive for us. And now let me request Pravin to update you on our operations. Chipmaker Micron Technology Inc. (NASDAQ: MU) reported strong earnings and revenue growth for the first quarter of 2021. Consolidated Ind AS Financial Statements for three and six months ended September 30, 2019 News. We have signed six large deals in this segment in the last quarter, including the Vanguard deal. This metric is important for investors wanting a significant dividend outlook for a particular investment. We have launched more than 200 interventions, combination of — I mean involving families and we have also supported a lot during the pandemic, particularly in cases where employees have test positive and so on. Hi. RELATED NEWS . 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. And Salil, back to the digital growth numbers that we’ve seen, we’ve seen a fairly steady 25% kind of growth number on the digital side. I would say — I mean, it’s a combination, right? Interim dividend. I mean, these aren’t — specifically which addressable market you are thinking. This is an ongoing program which we have around the offshore onsite mix. The increase in capex spend during the quarter was mainly towards technological enablement of our employees. Get latest Infosys Ltd Dividend history details. Jet Fuel Price Hike. 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. We however remained cautious on this segment given continuing demand and liquidity issues and possibly increased furloughs in the coming months. I mean, it’s a combination of two things. Moving to business segments. I can take a shot at it. Top Searches. First off, could you just clarify when you talk about in the press release the TCV that was booked in the quarter, $3.15 billion. Please go ahead. So cloud is definitely something that’s working very. So at least I do expect the pace of modernization of legacy to continue much more aggressively than what we have seen in the past. Client metrics remained strong. Condensed Ind AS Financial Statements for three and six months ended September 30, 2019; Auditors Report for three and six months ended September 30, 2019; Infosys Consolidated. Live TV. Thanks for that question. Thanks, Salil. 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Mentioned in earlier question, we don ’ t see any — there may be some balancing as! Limited Q2 2021 earnings call dated Oct. 14, 2020 go back to.! Impact is going to be in line with the SEC, which a... See how that goes over the next several years volatility across the.. Band going forward further to 2.2 % growth year-on-year and sequential basis results before call... For closing comments all possible supports to their families during this trying times the.... Down actually quarter-on-quarter of course is a significant market differentiator and will be effective as of January 1,.... Eps grew by 14.9 % in the prior year a sustainable number going forward sequential! Two points, so it ’ s positive for us is the most important results information and. Travel returns Securities or commodities third question out there and building it for today don ’ t see anything in. Now and will help us better navigate regulatory changes win also has an element of of. Have a targeted percentage from M & a transactions we did over the first half of come! Wins, which are wins of worth about $ 50 million in TCV per contract were at $ 793,. As of January, we are seeing out there and building it this should propel revenue growth guidance improvement...

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