Infosys Ltd and Wipro Ltd Q2 Results for September 2021

Infosys Ltd and Wipro Ltd Q2 Results

Indian Market
by 5paisa Research Team Last Updated: 2022-12-11T21:29:09+05:30

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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