RTTNews | Oct 14, 2020 08:59AM EDT

08:59 Wednesday, October 14, 2020 (RTTNews.com) - Infosys (INFY) said, for fiscal 2021, the company revised operating margin guidance upward to 23%-24%. Revenue growth guidance was revised upward to 2%-3% in constant currency.

For the second quarter, earnings per share was $0.15 compared to $0.13, a year ago. On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.14, for the quarter. Analysts' estimates typically exclude special items. Operating profit was $840 million, growth of 20.7% from last year.

Second quarter revenues were $3.31 billion, up 3.2% from prior year. Analysts expected revenue of $3.24 billion, for the quarter. Digital revenues were $1.57 billion, at 47.3% of total revenues.

Nilanjan Roy, CFO, said: "Free Cash Flows grew significantly in first half driven by our consistent focus on liquidity and cash management. Consequently, we are increasing our interim dividend per share by 50% to INR 12."

Read the original article on RTTNews ( https://www.rttnews.com/3136155/infosys-announces-increase-in-revenue-margin-outlook-for-fy21-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved