Obviously, the IT spend is not increasing, so they are really funding this digital transformation initiatives by taking cost out from the core through automation and other means. Large deal wins, which are wins of worth about $50 million in TCV per contract were at $3.15 billion. 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. Is that the right takeaway? Okay, great. Is that the right way to understand that? Net sales grew to $2.44 billion from $1.99 billion last year, which shows, © 2020 AlphaStreet Inc. All Rights Reserved, Infographic: Micron (MU) Q1 earnings, revenue top expectations, Conagra Brands meets revenue target in Q2, Constellation Brands (NYSE: STZ) Q3 2021 earnings: Infographic. This is an ongoing program which we have around the offshore onsite mix. We definitely see market share gain going on in that play. Performance in Communication segment remained weak given pressure on spending especially in media, entertainment, advertising and OEM segments. Infosys share price live updates on The Economic Times. I’m grateful to our clients for their continued trust in us and I’m proud of our team for their incredible commitment to our clients. I said there is no way you can take the 23% to 24% as a sustainable number going forward. The packaged foods company reported second quarter revenue of $3 billion, up 6.2% year-over-year, Constellation Brands (NYSE: STZ), the largest beer producer in the U.S, reported third-quarter 2021 earnings results today. We’ve done something in ServiceNow. This is despite the bonus and special incentives. So I think those are the combination of things which are sustaining us. Thank you so much, and all the best. A complete statement and explanation of these risks is available in our filings with the SEC, which can be found on www.sec.gov. The way we see it is, we’ve had year-on-year growth — some of our last years we’ve had year-on-year declines. Thanks. On the core shrinkage, I mean, today when we look at what’s happening, plan for investing in technology to deal with the pandemic, building resiliencies, fixing supply chain issues and so on. The increase in RPP is a remarkable achievement. Two questions here. And now let me request Pravin to update you on our operations. Thanks a lot. And I’ll just throw a third question out there. Chipmaker Micron Technology Inc. (NASDAQ: MU) reported strong earnings and revenue growth for the first quarter of 2021. Understood. Infosys has also declared an interim dividend of Rs 12 per share. Our operating cash flow was at $793 million, a 52% increased year-on-year. 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. News. Finacle, our award-winning banking platform has received multiple industry recognitions during the quarter, and we’re seeing lot of traction as banks across the world embark on their digital transformation. Yeah, yeah. So as long as we continue to grow and we continue to have a role to play, both in terms of core as well as in the digital spend, then I think we view it as a very positive thing. For the year ending March 2020 Infosys has declared an equity dividend of 350.00% amounting to Rs 17.5 per share. But at the end of the day for Infosys the margin band has kept on bouncing around quite a bit in the last three years to four years. While there are disruptions for segment, we are seeing opening up of pockets, although the pace of recovery may remain sluggish. Thank you. Infosys Q2 net profit jumps 10.3% YoY to Rs 4,110 crore, declares interim dividend Updated : October 17, 2018 06:29 AM IST . I think one is of course is a day’s impact during the quarter. 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. 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. Lastly, my heartfelt condolences to the families of five of our colleagues whom we have lost due to the pandemic. At the current share price of Rs 1286.25, this results in a dividend yield of 1.67%. And first of all, congrats on excellent execution and excellent numbers. So is that largely for offshore mix? And about 2,500 laterals. Salil Parekh — Chief Executive Officer and Managing Director. And do cost take-out a figure in kind discussions quite a lot? Hey, thank you very much, and congratulations for the team. Indeed an exceptional performance all around. Recognizing the continuing stellar contribution from our employees during these times, we are paying out a variable pay for the quarter at 100%. The next question is from the line of Keith Bachman from Bank of Montreal. So we watch and see how that goes over the next few quarters. 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. Infosys Standalone. Corporate Participants: Sandeep Mahindroo — Financial Controller and Head – Investor Relations. Infosys on Wednesday reported a 20.5 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 4,845 crore for the quarter ended September 30, 2020 (Q2FY21). The sequential improvement in margins was led by 100 basis points improvement due to increase in RPP, 80 bps due to a 2.4% increase in utilization and 80 bps due to a 1.9% improvement in onsite offshore mix, partly due to the temporary travel restrictions. Thanks. Hi. Nilanjan Roy — Chief Financial Officer. So as we’ve talked about the three-pronged approach, we will see some of this come back. We won 16 large deals in quarter two, out of it, six deals were in financial services, three deals in retail, two deals each in communication and high-tech and one deal each in energy utility resources services, manufacturing and others. For example, scaling our digital, working very focused way on looking at large deals. On the back of a strong quarter one, quarter two continues to show up improving performance with our unwavering focus on client relevance, operational excellence, cost and liquidity management. So let me focus on another topic here, which is headcount. Please go ahead. Did I heard you right when you said that the vendor consolidation is still something that you are in talks with the clients and we haven’t yet seen a new major lead or a relationship conversion so far. Conagra Brands (NYSE: CAG) reported second-quarter 2021 financial results before the regular market hours on Thursday. I think this was asked before, but maybe you can unpack this a bit more. What is your understanding on the attrition level going forward? On the first one, Pravin, you want to go ahead? We’re really excited with the way this quarter has played out. So that is question number one. And second, what kind of a macro environment are you building in your guidance given that the band also is now reduced? Okay. Infosys Q2 result highlights: Net profit jumps to Rs 4,110 cr, dividend announced Infosys Q2 Results Highlights: The company said that it has witnessed a 'broad-based growth across all business segments and geographies during the quarter'. But like I said, a lot of this then gets compensated by price and wage hikes, etc. Return on equity increased to 26.7% compared to 25.1% in the prior year. Second is a pyramid. Pravin Rao — Chief Operating Officer and Whole-Time Director. So when do you think this will probably stabilize or you think it will continue for long in the same way? Thank you. Hi. And on the order book, if I take the Vanguard deal out of the order book composition, it looks like in terms of — is it dominated by smaller-sized deals or besides Vanguard also there are fairly large deals dominating it? Now on the attrition, obviously, the attrition that we have today is one of the lowest we have seen in the history of Infosys. See, on the first question on year-on-year when compared with large deals, I’m just getting that number. It’s in our pipeline. 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. Cost take-out is a major focus for our clients across sectors. So we’ve been very, very conscious that we need to get the stability in margins, which is why the 21% to 23% margin guidance was given in the prior two years. Whether you are okay with the 7.5% kind of range or you think it will shoot up to low-double-digit? Infosys also announced 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 the payment date. Thanks for taking my question, and congrats on a great quarter. On the first, there were three M&A transactions we did over the last three months. And as Salil had mentioned in earlier question, we will see some timing issues of that as travel returns. One is on the deals that we have won so far, obviously, there is a lot that’s already spoken about, Vanguard. And clearly, we see that coming back and it will start impacting the margins. Number two is, in terms of inorganic, it’s very, very small portion, many of them have just kicked off in terms of the signing implementation. That’s a big — practically over $6 billion business growing at 25%, which is quite remarkable. And that’s really given us the confidence to increase both the revenue and the margin guidance. So these are the different strategic levers. The numbers also topped expectations and the company’s stock gained during the. We have a good pipeline of deals. 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. I think what is also critical is as we see more and more growth that’s going on which relates to experience and how design is working through some of our digital studios, we see some of that work also expanding, and that work has benefits from having some proximity and this can also be done from an offshore perspective. View Infosys Ltd Dividend announcement date, Ex-dividend date, Interim dividends, final dividend So as we mentioned, what we call visa-dependent employees in the U.S., currently we are at about 37%. Thanks, Pravin. Thank you, and wish you all the best. And given operating model, we can build a good business in them at our margin structure for the future. I now hand the conference over to the management for closing comments. Salil, you can add. What is within our — generally speaking, within our large deal wins in the last few quarters plus the pipeline, we have a decent size of mega deals. It has fixed 23 October as the record date for interim dividend and 30 October as payment date. Will now be extended across all levels and subcon costs hired over 13,000 U.S. workers headcount... Different in terms of how are clients funding these spends natural barriers to that moving higher which is a clear. — if I may just sneak in one last question quarter one and will. 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