Infosys Q2 earnings call begins with tribute to Ratan Tata. Watch

Infosys Ltd reported its earnings for the second quarter of 2024. The country’s second-largest software exporter reported a 4.7 per cent rise in the September quarter net profit with a net profit of Rs 6,506 crore in July-September. It was up 4.7 per cent when compared to Rs 6,212 crore earnings in the same period last year. According to a company statement, the profit was 2.2 per cent higher quarter-on-year.

Today’s earnings comes days after the death of former chairman of Tata Group, Ratan Tata. The earnings call began with a tribute to the visionary leader and philanthropist. The earnings call opened with a tribute to the visionary leader and philanthropist, featuring a video honoring Ratan Tata and the legacy he built over the years. It was followed by a minute silence in his memory.

Infosys CEO Salil Parekh said “Mr. Ratan Tata has left an indelible mark on our country.”

Watch the tribute to Ratan Tata at Infosys earnings call:

Infosys adds 2,456 employees in Q2FY25

Reversing the trend after six quarters, Infosys said that it added 2,456 employees in the second quarter of fiscal year 2025 (July-September). Infosys total headcount at the end of September stood at 317,788, up from 315,332 in the previous quarter (April-June). However, attrition for the second quarter increased to 12.9%, up from 12.7% in Q1, 2024.

“We saw strong quarter-on-quarter growth of 3.1% in constant currency in Q2. The growth was broad-based with good momentum in financial services, driven by our industry expertise, market-leading cloud capabilities with Cobalt, and generative AI offerings with Topaz. This has led to a growing preference among clients to partner with us,” said Salil Parekh, CEO and MD of Infosys.

“Our large deals, amounting to $2.4 billion in Q2, reflect our differentiated position. I am grateful to our employees for their unwavering commitment to our clients as we continue to strengthen our market leadership,” he added.



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