Infosys (NYSE: INFY) on Thursday reported higher revenues and flat earnings for the second quarter of 2024. The company also provided guidance for the full fiscal year.
The software company said its second-quarter revenues increased to $4.72 billion from $4.56 billion in the comparable period of 2023. At $751 million, net income was unchanged from the same period last year. On a per-share basis, September-quarter profit came in at $0.18 per share, which is in line with earnings reported in the year-ago quarter.
“Strong H1 performance with significant large deal wins, builds a solid foundation for the future. The growing adoption of our Generative AI offering, Topaz, is helping us deliver consistent value and expand market share,” said Infosys’ CEO Salil Parekh.