As with all our articles, AlphaStreet, Inc. does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company’s SEC filings. Higher net new is definitely good news. It’s very difficult to predict the timeline when these deals will get closure. We don’t anticipate it. Yeah. Thanks for taking my question, and congrats on a blowout quarter this quarter. Stay safe. Voluntary attrition for IT services declined to 7.8% and significantly lower than our comfort band of 14% to 15%. Our utilization, if you recall, was much lower in quarter one and it has been put significantly. Your implied guidance for the second half, it appears to be slightly at Allstream, the strength we’ve seen so far in the first half, the current momentum, the deals won. I’ll come back to you before the call end. The Bengaluru-headquartered company posted a 17.3 per cent rise in revenue from operations to Rs 20,609 crore in Q2 Infosys has also declared an interim dividend of Rs 7 per equity share. Our digital portfolio is growing strong at over 25% year-on-year in constant currency, and now constitute 47.3% of overall revenues. 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. So when do you think this will probably stabilize or you think it will continue for long in the same way? The onsite offshore mix ratio is difficult to forecast in that sense. Looking ahead, we continue to see strong traction in our business. Yeah. Terms of Services. So as long as we continue to grow and we continue to have a role to play, both in terms of core as well as in the digital spend, then I think we view it as a very positive thing. I had two questions actually. So there, Diviya, I think we add — if you look in the previous financial year numbers, growth numbers around 30, 35, in one of the quarters before that even higher, but there are two factors. Utilization in quarter two improved by 240 bps to 83.6%, mainly on account of improvement in offshore utilization. Please go ahead. 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. Infosys Q2 net profit beats expectations with 20.5% YoY surge to Rs 4,845 | Photo Credit: PTI ... we are increasing our interim dividend per share by 50% to Rs 2,” he added. 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. That’s a big — practically over $6 billion business growing at 25%, which is quite remarkable. Top Searches. Growth accelerated during the quarter as economies across the world started opening up gradually, and clients focused on technology to help overcome the impediments. So it’s a combination. 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The salary increase process will restart now and will be effective as of January 1, 2021. You did talk about how legacy is likely to kind of be taken out, the core gets modernized and therefore that trend of negative momentum that we have seen could continue, but we have seen in the last two quarters the pace of core decline accelerate. Please go ahead. Yeah, yeah. Tata Consultancy Services (TCS) has announced a special dividend and a second interim dividend amounting to a total dividend of Rs 45 per equity share, while Infosys has declared an interim dividend of Rs 8 per equity share. Let me start with the first one. Thanks for taking my question, and congrats on a great quarter. Got it. Finacle, our award-winning banking platform has received multiple industry recognitions during the quarter, and we’re seeing lot of traction as banks across the world embark on their digital transformation. Okay, great. And is it possible to understand how the new versus renewal ratio would be if we exclude Vanguard? So understanding you have some benefits that dissipate in the second half. At the current share price of Rs 1265.50, this results in a dividend yield of 1.7%. I think these are the two broad questions. And next year, we are planning to add another 15,000 people, mainly freshers in India. I don’t know there will be an acceleration. One, our size of the digital also is quite larger, it’s pretty close to half our company today. This should propel revenue growth for Financial Services in the coming quarters. Yeah. Okay. For the second part, Nilanjan, over to you. 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. In the past 12 months, Infosys Ltd. has declared an equity dividend amounting to Rs 21.50 per share. Onsite offshore effort mix improved by 190 bps to 26.1%, the lowest ever. Share of new deals was 86%. 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. And of course, a lot of it in our business, as you know well, is the steady execution, a continuous sort of traction to that. Neither the information nor any opinion expressed in this transcript constitutes a solicitation of the purchase or sale of securities or commodities. Thanks for the opportunity. Now on the attrition, obviously, the attrition that we have today is one of the lowest we have seen in the history of Infosys. Infosys Q2 result highlights: Net profit jumps to Rs 4,110 cr, dividend announced Infosys Q2 Results Highlights: The company said that it has witnessed a 'broad-based growth across all business segments and geographies during the quarter'. 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. Is this due to some planned offshore shift or conservatism on the outlook based on something you are seeing out there and building it? One is an area which is on everything related to digital transformation for which a large part of it is cloud and the area around cloud migration, but also cloud deployment, building cloud first applications, rolling out SaaS, working in public and hybrid cloud, private cloud environments. The way we are seeing, first, overall digital growth continues to be robust at 25%. Hello, everyone. So I’ll answer the first one. And best of luck for next quarter. 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. So the quality of the order book has dramatically improved. [Operator Instructions] The first question is from the line of Yogesh Aggarwal from HSBC. So have you factored in any potential second wave of pandemic coming in the end user market or do you think that this is something which could be over and above to what you will estimate to us? [Operator Instructions]. So there is lot of focus on both physical and mental wellness and so on. Infosys Q2 Results: ANNOUNCED! We delivered operating margin of 25.4%, which is an expansion of 370 basis points year-on-year and 270 basis points sequentially. I’m thankful to each one of our employees for staying deeply committed to serving our clients, as they themselves navigated their own personal challenges associated with the ongoing COVID situation and a remote operating model. We definitely see market share gain going on in that play. Manufacturing segment was stable during the quarter, which is a massive improvement from the sequential decline in quarter one. And obviously, these numbers do vary quarter-on-quarter depending on the nature of deal. Chipmaker Micron Technology Inc. (NASDAQ: MU) reported strong earnings and revenue growth for the first quarter of 2021. Today, 99% of our workforce continues to work from home. And there are times when lot of renewals were due for — come due in a particular quarter, but it’s obviously very positive thing. Hi, Kawal. Do you see client funding incremental spends through higher offshore shift going forward? Thank you very much. Understood. But it’s premature to say that how much of this is sustainable. Thanks for the opportunity. This translates to a 2.2% growth year-on-year and 1.9% for H1 year-on-year in constant currency. So let me focus on another topic here, which is headcount. We are paying 100% variable pay for quarter two along with the special incentive, which will be paid to employees in lower levels. Consolidated Ind AS Financial Statements for three and six months ended September 30, 2019 I don’t think we’ve given this number out before, but I can tell you the year before that in the fiscal ’20, we gave — we had set our target of $150 million of savings, and we had overachieved against that number. Net sales grew to $2.44 billion from $1.99 billion last year, which shows, © 2020 AlphaStreet Inc. All Rights Reserved, Infographic: Micron (MU) Q1 earnings, revenue top expectations, Conagra Brands meets revenue target in Q2, Constellation Brands (NYSE: STZ) Q3 2021 earnings: Infographic. RELATED NEWS . 10.00 per share. So bit premature to talk about that. And now let me request Pravin to update you on our operations. Thank you all for joining in the call. It’s in our pipeline. Thank you. It’s been a small number anecdotal. Yeah, Kawal. In terms of freshers in India, this year, we expect to add about — onboard about 16,500 people. And question number two. Thanks, Salil. Fair enough. So how should really one really think about the current year as margin band increase? So that will be the way play. It’s slightly more moderated discount environment. Okay. Nilanjan Roy — Chief Financial Officer. I’m Sandeep from the Investor Relations team in Bangalore. Infosys Q2 Earnings: Infosys declared an interim dividend of Rs 7 per share, which will be paid on October 30, it said in a statement. Thanks a lot. Thank you, and wish you all the best. So I think we’ve been very focused over the last two years in the margin guidance band on 21% to 23% because the year prior to that when we rolled out the new strategy, this was about making the investments in the hubs, in the sales force side, and clearly that, which had an impact on margin. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase. I think this was asked before, but maybe you can unpack this a bit more. 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. Business News. Please go ahead. Privacy Policy. We are also increasing the margin guidance for this year from 21% to 23% to 23% to 24%. Our industry-leading performance over the first half of this year has been due to the immense commitment of our over 240,000 employees. Of course, travel has come down dramatically. The Infosys logo (REUTERS) Infosys Q2 results: Net profit rises 21% to ₹ 4,845 crore, beats estimates 1 min read. My question is also on profitability. Yogesh, so if you see from a net headcount we only added about 1,000 people, so this was less than 0.5% so there was not much of a headcount change. Onsite offshore effort mix improved by 190 bps to 26.1 %, onsite. In subsequent quarter, quarter four will obviously be dependent on the first half, but maybe you can see. Q3 for our clients as discounts and improve productivity and part of more. 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