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Infosys Ltd and Wipro Ltd Q2 Results for September 2021
Last Updated: 11th December 2022 - 09:29 pm
Infosys Ltd – Q2 Results (Sep-21)
For the Sep-21 quarter, Infosys reported 20.48% growth in total revenues Rs.29,602 crore. Revenues were sequentially higher by just about 6.12%. Net profits for the quarter were up 11.9% YoY at Rs.5,421 crore while sequentially the profits were up by a moderate 4.35%.
|
Infosys Ltd |
|
|
|
|
Rs in Crore |
Sep-21 |
Sep-20 |
YOY |
Jun-21 |
QOQ |
Total Income (Rs cr) |
₹ 29,602 |
₹ 24,570 |
20.48% |
₹ 27,896 |
6.12% |
Operating Profit (Rs cr) |
₹ 6,972 |
₹ 6,228 |
11.95% |
₹ 6,603 |
5.59% |
Net Profit (Rs cr) |
₹ 5,421 |
₹ 4,845 |
11.89% |
₹ 5,195 |
4.35% |
|
|
|
|
|
|
Diluted EPS (Rs) |
₹ 12.85 |
₹ 11.40 |
|
₹ 12.21 |
|
OPM |
23.55% |
25.35% |
|
23.67% |
|
Net Margins |
18.31% |
19.72% |
|
18.62% |
|
The big story was that the heavyweight regions also grew the fastest. North America makes up 62% of revenues and grew at 23.1% while Europe makes up 24% of revenues and grew 22.8%. The big story was the focus on digital revenues. Total digital revenues for the quarter grew by 42.4% YoY in constant currency terms while the share of digital in total revenues went up from 47% to 56.1% on a YoY basis. Manufacturing, Life Sciences and BFSI were the top growth verticals for Infosys.
Finally, on the guidance front, Infosys raised its revenue growth guidance from the range of 14-16% to a higher range of 16.5-17.5%. Operating margin guidance has been maintained at 22-24% range. For the quarter, Infosys reported OPM of 23.6% and new deals of $2.15 bn.
Check - Infosys AGM 2021
Wipro Ltd – Q2 Results (Sep-21)
For the Sep-21 quarter, Wipro reported 30.29% growth in revenues at Rs.19,669 crore. Revenues were sequentially up by just about 6.51%. For Sep-21 quarter, net profits were up 18.9% YoY at Rs.2,931 crore but profits fell -9.77% on sequential basis.
Among major growth areas, the North American region which accounts for over 60% of revenues grew by 25% YoY. The European operation accounting for 30% revenues grew by a whopping 50% YoY. The growth in the APMEA region was more subdued at around 10%, but it is much smaller in relative size.
|
Wipro Ltd |
|
|
|
|
Rs in Crore |
Sep-21 |
Sep-20 |
YOY |
Jun-21 |
QOQ |
Total Income (Rs cr) |
₹ 19,669 |
₹ 15,097 |
30.29% |
₹ 18,467 |
6.51% |
Operating Profit (Rs cr) |
₹ 3,398 |
₹ 2,779 |
22.25% |
₹ 3,370 |
0.82% |
Net Profit (Rs cr) |
₹ 2,931 |
₹ 2,466 |
18.86% |
₹ 3,248 |
-9.77% |
|
|
|
|
|
|
Diluted EPS (Rs) |
₹ 5.35 |
₹ 4.32 |
|
₹ 5.92 |
|
OPM |
17.27% |
18.41% |
|
18.25% |
|
Net Margins |
14.90% |
16.33% |
|
17.59% |
|
Guidance for Wipro is more subdued. Wipro is expecting revenue growth of just about 2-4% and operating margins to hover around 17-18%. The only area of concern, apart from the sequential fall in profits for Wipro will be the sharp spike in the attrition rate to above 20.5%.
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