The country’s second-largest IT service provider Infosys Ltd on Friday (December 13) said it has scheduled a board of directors meeting on January 15 and 16, 2025, to review and approve the company’s financial results for the quarter ending December 31, 2024.

"This is to inform you that a meeting of the Board of Directors of the Company will be held on Wednesday and Thursday, January 15 and 16, 2025 inter alia to approve and take on record the audited consolidated financial results of the Company and its subsidiaries as per Indian Accounting Standards (INDAS) for the quarter and nine months ending December 31, 2024," Infosys said in a regulatory filing.

Infosys Q2 Results

Infosys reported a near 5% rise in its second-quarter net profit and raised revenue guidance for the year on broad-based recovery in demand, particularly from its key financial industry clients.

Consolidated net profit of ₹6,506 crore in July-September — the second quarter of the current 2024-25 fiscal year — was 4.7% higher than the year-ago earnings and 2.2% more than the net profit in the preceding quarter, according to a company statement.

Technology services bellwether for the second consecutive quarter raised its revenue guidance for the full fiscal. It now expects constant currency revenue growth between 3.75% and 4.5% for the financial year April 2024 to March 2025, higher than its earlier guidance of 3% to 4%.

Infosys CEO and MD Salil Parekh termed it a “huge upward movement” in growth guidance. The upward revision comes on the back of a ramp-up of mega deals. The company had raised its guidance in the June quarter from the 1-3% range it started the year with.

Infosys said it is on track to onboard 15,000-20,000 freshers in FY25 and many of them have been onboarded in the first half itself. The company emphasised it will onboard all the freshers it had committed to, in the past.

On Friday (December 13), shares of Infosys Ltd ended at ₹1,999.85, up by ₹13.10, or 0.66% on the BSE.

Published on December 14, 2024, 3:42:52 PM IST

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