Infosys Q2 results: EBIT, status quo on guidance for FY19 worry analysts

In the presser following the announcement of the results, the company said large deal wins were strong during the period and several of its sectors are growing over 10 per cent YoY.

IT bellwether Infosys on Tuesday reported Q2 results mostly in line with Street expectations with PAT (profit after tax) coming in at Rs 41.10 billion, up 10 per cent on YoY basis and 13 per cent on QoQ. Revenues for the period rose 17.3 per cent YoY to Rs 206.09 billion. In constant currency (CC) terms, the revenue growth was 8.1 per cent. Sequentially, revenue grew 7.7 per cent in rupee terms and 4.2 per cent in CC terms.

Analysts were expecting PAT to come in the range of Rs 38.75 billion and 41.5 billion while EBIT margin was largely