{"id":1687552,"date":"2022-10-13T07:05:21","date_gmt":"2022-10-13T11:05:21","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1687552"},"modified":"2022-10-13T07:05:30","modified_gmt":"2022-10-13T11:05:30","slug":"indias-infosys-beats-q2-profit-estimates-sets-1-13-billion-share-buyback","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/indias-infosys-beats-q2-profit-estimates-sets-1-13-billion-share-buyback\/","title":{"rendered":"India\u2019s Infosys beats Q2 profit estimates, sets $1.13 billion share buyback"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Findias-infosys-beats-q2-profit-estimates-sets-1-13-billion-share-buyback%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1687552&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>BENGALURU (Reuters) -India\u2019s Infosys Ltd on Thursday reported a bigger-than-expected increase in second-quarter profit, boosted by strong demand, and raised its full-year revenue growth forecast.<\/p>\n<p>The country\u2019s second-largest IT services company by revenue also approved a share buyback worth 93 billion Indian rupees  ($1.13 billion).<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>Infosys said it now expects revenue growth of 15%-16% for the financial year to March, higher than the 14%-16% increase it forecast in July.<\/p>\n<p>The company trimmed its operating margins guidance for the year to 21%-22%, from the forecast of 21%-23% it gave in July.<\/p>\n<p>Infosys\u2019s raised forecast is in contrast to its rivals, who have issued cautious outlooks so far due to the challenging macro-environment and fears of an economic meltdown in their major markets of the U.S. and Europe.<\/p>\n<p>Earlier this week, larger rival, Tata Consultancy Services Ltd said clients are taking longer to decide on bigger deals, while smaller rival Wipro gave a weak outlook for the current quarter.<\/p>\n<p>Infosys\u2019s consolidated net profit rose 11% to 60.21 billion  rupees year-over-year in the quarter ended Sept. 30, beating analysts\u2019 average estimate of 57.82 billion rupees, according to Refinitiv data.<\/p>\n<p>The company\u2019s revenue from operations jumped 23.4% to 365.38 billion rupees.  ($1 = 82.3450 Indian rupees)<\/p>\n<p> (Reporting by Nallur Sethuraman in Bengaluru and Munsif Vengattil in New Delhi; Editing by Savio D\u2019Souza)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/indias-infosys-beats-q2\/attachment\/file-photo-an-employee-walks-past-a-signage-board-in\/\"><img decoding=\"async\" src=\"https:\/\/c3.oann.com\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportTechnologyNews\/tagreuters.com2022binary_LYNXMPEI9C0JE-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9C0JE-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU (Reuters) -India\u2019s Infosys Ltd on Thursday reported a bigger-than-expected increase in second-quarter profit, boosted by strong demand, and raised its full-year revenue growth forecast. The country\u2019s second-largest IT services<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1687552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1687552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1687552"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1687552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1687552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1687552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1687552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}