Infosys Q2 profit up 3.2% to Rs 3,726 cr, guidance for year ahead lowered

Firms cut its growth forecast for the year ahead by 200 basis points, citing a weak second half in FY18

Infosys said second-quarter profit grew 3.2 per cent to Rs 3,726 crore, beating estimates on the back of employee productivity as well as increased business from fixed-price projects to over half of its revenue, giving the firm more leeway in deploying resources, and improving margin to 24.2 per cent.
 

Revenue grew 1.5 per cent to Rs 17,567 crore in the three months to September compared to a year ago. Infosys cut its growth forecast for the year ahead by 200 basis points, much steeper than estimates, citing a weak second half of the financial year. Experts see the return