First time in years, Infosys delays Q2 results by two weeks to October 24

Blames delay on 'logistics issues'

Infosys, India’s second-largest information technology (IT) services firm, has deferred announcing its second-quarter (Q2) results by nearly two weeks — the first time in recent years.

The bellwether IT services firm generally discloses its quarter numbers within 15 days of the beginning of the next quarter but this time, however, it has set October 24 as the date of announcement. 

Infosys has attributed this delay to “logistics issues”. The following week has holidays on account of Diwali, resulting in a further delay by a week. 

Sources aware of the development said non-executive Chairman Nandan Nilekani had engagements on the earlier scheduled dates, and