Infosys Q2FY23 Results: Quarterly Earnings Announcements – KEY TAKEAWAYS/HIGHLIGHTS

– India grew by 36.4% YoY in constant currency

-Europe grew by 28.5% YoY in constant currency

– North America grew by 15.6% YoY in constant currency

-FY23 Revenue growth guidance changed to 15%-16% in constant currency terms

-FY 23 Operating margin guidance changed to 21% to 22%

-Revenues at Rs.36,538 crores; YoY growth of 23.4% in reported terms

-Operating profit at $979 million; YoY growth of 4.0%

– Operating profit at Rs.7,873 crore; YoY growth of 12.9%

-Operating margin at 21.5%

-Net profit was $748 million for the quarter ended Sep 30, 2022

-Net profit was Rs.6,021 crores for the quarter ended Sep 30, 2022

-Basic EPS was $0.18 for the quarter ended Sep 30, 2022

-Basic EPS was Rs.14.35 for the quarter ended Sep 30, 2022

-103 new clients added in Q2FY23; client count 1,779

-Added 4 new clients in $100 mn+ client category, YoY

-Utilization including trainees at 76.6%; utilization excluding trainees at 83.6%

-Voluntary attrition for IT services increased to 27.1%

-345,218 employees, as on Sep 30, 2022

-Vertical Metrics: Financial Services grew by 11.5% YoY in constant currency

-Vertical Metrics: Communication grew by 18.4% YoY in constant currency

-Vertical Metrics: EURS grew by 24.3% YoY in constant currency

-Vertical Metrics: Manufacturing grew by 45% YoY in constant currency

-Vertical Metrics: Hi Tech grew by 9.9% YoY in constant currency

– FY 23 Board announced buy back of 9,300 crores