So my sense is, many of those will play out over time, but we have seen some early benefit of it, but not a material benefit. Jet Fuel Price Hike. Infosys Standalone. Of course, it’s a possibility. We haven’t, and we don’t mention the deal sizes. There are different things that have opened up as we’ve all learned from both the clients and us through the course of the last six months. Third is the strategic cost lever, which for us is the most important. I think this was asked before, but maybe you can unpack this a bit more. Yeah. If you could just unpack this a bit more, how much of this is the reflection of the overall demand environment versus your ability to gain share in the new state of play and what’s helping you do that? All Rights Reserved. Just the first question, Salil, very strong performance both on revenues and deal wins. I know you said there was tension on some forces at work that would suggest more onshore work, but the cost advantage of offshore work in the quarter was 73.9. Okay. Thanks, Pravin. What is your understanding on the attrition level going forward? Get detailed Infosys stock price news and analysis, Dividend, Bonus Issue, Quarterly results information, and more. If I may just sneak in one last question. So just the first one, quickly on RPP, the 100 bps is a combination of multiple factors. Infosys beats street estimates, 6 takeaways from Q2 scorecard Infosys has revised its revenue growth guidance from 0-2 percent to 2-3 percent in constant currency for the financial year 2020-21. We restarted promotions in the last quarter at our junior levels, this will now be extended across all levels. 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. Thank you. Sorry. And do cost take-out a figure in kind discussions quite a lot? We launched Infosys Cobalt where we brought together all our cloud services, platforms and solutions to support our clients in accelerating their cloud journey and reducing the risk to their cloud programs. Understood. Part of it will be the mix in offshore because clearly this last few months has also demonstrated what could be done in an offshore environment. The next question is from the line of Kawaljeet Saluja from Kotak. 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 have just two questions. Q2 EPS grew by 14.9% in dollar terms and by 20.8% in INR on a year-on-year basis. And if yes, I mean, should that — when does the impact of that will come in into RPP going forward? Thanks again. 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. The next question is from the line of Keith Bachman from Bank of Montreal. Commitment of our employees has been incredible. Yield on cash balance improved to 6.33% in Q2 compared to 6.11% in the previous quarter. And that’s really given us the confidence to increase both the revenue and the margin guidance. And did you say that 23% to 24% is a sustainable margin band to model based upon it? Financial Services saw continued improvement in performance both on year-on-year and sequential basis. That’s number one. Large deal wins in quarter two was the highest ever at $3.5 billion. I’ll start with the first one. Infosys Q2 result highlights: Infosys has declared interim dividend of Rs 7 per share. Some of that is passed back to our clients as discounts and improve productivity and part of that is a margin improvement strategically. In the past three years, we’ve launched six digital centers in the U.S. and hired over 13,000 U.S. workers. Interim Dividend. 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.? 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. Our balance sheet remained strong with cash and investments positioned at $4.6 billion with no debt. So the quality of the order book has dramatically improved. Thank you. 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. The net new in the total liabilities is 86%. 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. Let me share with you some of the highlights for Q2. Hi. We’ve done something in ServiceNow. 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 however remained cautious on this segment given continuing demand and liquidity issues and possibly increased furloughs in the coming months. Narayana Murthy … 10.00 per share. The notification read, "Fixed October 26, 2020 as record date for interim dividend … Take care. the onsite pyramid as well. 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. share . The next question is from the line of Ankur Rudra from J.P. Morgan. Neither the information nor any opinion expressed in this transcript constitutes a solicitation of the purchase or sale of securities or commodities. So things will come back to normal. And there is none of that a large sort of thing coming in into the RPP. Second is, also we had cut discretionary expenditure like travel, as you can see that in our results. Please go ahead. Conagra Brands (NYSE: CAG) reported second-quarter 2021 financial results before the regular market hours on Thursday. Obviously — probably, I mean, if you look at historical thing, maybe the percentage of net new in this pipeline is probably on the higher side. Okay. Could you tell us how many of your employees are currently using visas in the U.S.? In the past 12 months, Infosys Ltd. has declared an equity dividend amounting to Rs 21.50 per share. But strategically, we have seen that coming down over a period of time and our intent remains to continue to see that onsite offshore mix changing. A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. So that’s one aspect of it. For the year ending March 2020 Infosys has declared an equity dividend of 350.00% amounting to Rs 17.5 per share. Thank you. Now many of our companies work with a certain aspirational margin band. Please go ahead. And then the other two, Pravin can jump in with the answers. Recognizing the continuing stellar contribution from our employees during these times, we are paying out a variable pay for the quarter at 100%. One is, the leakage on core has still been quite high in the current quarter also, and all our strong growth and good work on digital is still get hurt because of that. The company also 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 payment date. Our operating cash flow was at $793 million, a 52% increased year-on-year. And as Salil had mentioned in earlier question, we will see some timing issues of that as travel returns. This is Salil. So you can always see these ups and downs as well. My question is also on profitability. Updated: 14 Oct 2020, 05:15 PM IST … The Board of Directors at a meeting held on October 9, 2009, declared an interim dividend of Rs. Bank Holidays in January. 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. But really based on how you’re delivering projects today and how clients have become more accepting of virtual delivery, how should we think about the sustainability of some of the cost factors here as operations normalize? 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. As well, of course, aspiration is always to improve margins, but in no way can we take the 23% to 24% as something which you can model and go ahead from. The next question is from the line of Pankaj Kapoor from CLSA. Infosys Q2 results: Net profit falls 2.2% to Rs 4,019 crore; board approves interim dividend Infosys also announced an interim dividend of Rs 8 per equity share. Return on equity increased to 26.7% compared to 25.1% in the prior year. So we watch and see how that goes over the next few quarters. Thanks, Salil. [Operator Instructions] The first question is from the line of Yogesh Aggarwal from HSBC. Get latest Infosys Ltd Dividend history details. I’ll go with that. Thank you. Infosys announced dividend for (Q2) … Hi, Moshe. Yeah, hi. In terms of this year, specifically, we don’t have a target that how much will come from M&A. 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. Hope all of you are well and safe with your families and loved ones. Thank you. Infosys Ltd. has declared 43 dividends since Oct. 25, 2000. We continue to maintain a very strong debt-free and liquid balance sheet. The hub strategy really helps us in calculating freshers from community colleges, etc. So that will be the way play. It’s slightly more moderated discount environment. I wanted to ask first on margin sustainability. And there is the further effect in Q3, as you know, a good — in Q4 typically, Infosys — historically, we’ve had a fairly muted quarter. 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. This is Salil. Thanks for that question. Thanks for taking my question, and congrats on a great quarter. I’ll go with the second one. Whether you are okay with the 7.5% kind of range or you think it will shoot up to low-double-digit? So I’ll answer the first one. Many of these, like I said, will not be sustainable. Got it. Check earnings, profits and other financial details of India's second-biggest software firm Infosys Ltd, India's second-biggest software firm, on Wednesday reported a 20.5% rise to Rs 4,845 cr in September-quarter profit, helped by growth in client demand for its new-age digital services such as cloud, data and analytics during the pandemic. Ladies and gentlemen, that was the last question for today. Energy, Utilities, Resources & Services vertical is also under pressure due to constrained spending in the oil and gas, travel and hospitality and resources sector. 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. Thanks. Pravin Rao — Chief Operating Officer and Whole-Time Director. Okay, great. I also wish all Infoscions good health and also very good gesture by management of rewarding employees in line with world-class technology companies like Amazon. Thanks, Ankur. I may have missed here. Consequently, we are increasing our interim dividend per share by 50 per cent to Rs 12." The second relates to efficiency which is focused on automation, cost efficiency and how the IT estate can essentially be modernized in that sense and made to be more efficient for our clients. So that will probably have a varying in terms of how — I mean, the percentage of net new. Thank you very much, and congratulations. Manufacturing segment was stable during the quarter, which is a massive improvement from the sequential decline in quarter one. Hello, everyone, and welcome to Infosys earnings call to discuss Q2 FY ’21 results. We have a good pipeline of deals. The notification read, "Fixed October 26, 2020 as record date for interim dividend … So we did last year 2.8, this year 3.1, but the big difference is last year we only did 11% of net new in the figure, we are now 86%. Let me start with the first one. As we continue to wait through the continuing complexity caused by the pandemic, our rock-solid focus on client relevance and employee well being is helping us navigate this challenge successfully. Analysts: Yogesh Aggarwal — HSBC Securities — Analyst So I think those are the combination of things which are sustaining us. We see a tremendous traction on the cloud side and we feel in quite good in many cases. But we generally modeled it on how we have seen this Q1 and Q2 evolve, and that’s how we look to the next couple of quarters for this financial year. Quarter two revenues included only a marginal contribution from the Vanguard deal, which should start ramping up from quarter three onwards. We stand together and are extending all possible supports to their families during this trying times. And given operating model, we can build a good business in them at our margin structure for the future. 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