Thanks a lot. Is there a limit on how high you think that percent could go? But we generally modeled it on how we have seen this Q1 and Q2 evolve, and that’s how we look to the next couple of quarters for this financial year. That’s a big — practically over $6 billion business growing at 25%, which is quite remarkable. We increased our revenue guidance for the full year from 0% to 2%, moving it to 2% to 3% growth in constant currency year-over-year. In terms of this year, specifically, we don’t have a target that how much will come from M&A. Infosys Dividend Alert: Infosys Ltd will pay dividend of Rs 12 per equity share to its shareholders and has fixed 26 October 2020 as the record date for interim dividend while 11 November as the payment date. Are you seeing a lot more app modernization, cloud migration? Recognizing the continuing stellar contribution from our employees during these times, we are paying out a variable pay for the quarter at 100%. That’s very helpful. Yeah, hi. And there is the further effect in Q3, as you know, a good — in Q4 typically, Infosys — historically, we’ve had a fairly muted quarter. We restarted promotions in the last quarter at our junior levels, this will now be extended across all levels. Return on equity increased to 26.7% compared to 25.1% in the prior year. So you will always see as your digital share increases, you will always see the core shrinking because we are really talking about the same pie. However, what we see today is the one we have defined have got a nice traction in them and we can deepen our presence in those quite well. This is Salil. Is it time to think about this strategically? Thank you. And given operating model, we can build a good business in them at our margin structure for the future. If I may just sneak in one last question. Hello, everyone. Infosys Q2 net profit up 20% at Rs 4,845 crore, revises FY21 revenue guidance - Infosys revenues totalled Rs 24,570 crore, marking a growth of 8.6 per cent y-o-y and 3.8 per cent q-o-q. So there is lot of focus on both physical and mental wellness and so on. We delivered operating margin of 25.4%, which is an expansion of 370 basis points year-on-year and 270 basis points sequentially. But really based on how you’re delivering projects today and how clients have become more accepting of virtual delivery, how should we think about the sustainability of some of the cost factors here as operations normalize? Large deal wins, which are wins of worth about $50 million in TCV per contract were at $3.15 billion. We don’t see any — there are no specific constraints from which we model it. And I’ll cede the floor. For the second part, Nilanjan, over to you. The next question is from the line of Bryan Bergin from Cowen & Company. We are also increasing the margin guidance for this year from 21% to 23% to 23% to 24%. But we still see despite all of that that there will be both volume growth and revenue growth, which is within our pipeline. Over to you, Pravin. I heard you quote a $50 million target that you were looking at for your strategic cost initiatives savings. Automation remains at the heart. We definitely see market share gain going on in that play. Hopefully, we keep up the execution and that sustains for us. And if yes, I mean, should that — when does the impact of that will come in into RPP going forward? So that will probably have a varying in terms of how — I mean, the percentage of net new. Please go ahead. And we are delighted with the growth we’ve seen overall and in digital and with the margin profile of our business. So at least I do expect the pace of modernization of legacy to continue much more aggressively than what we have seen in the past. We have a good pipeline of deals. Yeah, hi. Thank you. Check out why Infosys share price is falling today. Now on the attrition, obviously, the attrition that we have today is one of the lowest we have seen in the history of Infosys. Jet Fuel Price Hike. [Operator Instructions] The first question is from the line of Yogesh Aggarwal from HSBC. Please go ahead. And so we feel quite comfortable at this stage. Clearly this is an exceptional year in more ways than one with so many moving parts and variable element. The Infosys logo (REUTERS) Infosys Q2 results: Net profit rises 21% to ₹ 4,845 crore, beats estimates 1 min read. So as we mentioned, what we call visa-dependent employees in the U.S., currently we are at about 37%. Categories Earnings Call Transcripts, Technology, Infosys Limited (NSE: INFY) Q2 2021 earnings call dated Oct. 14, 2020, Sandeep Mahindroo — Financial Controller and Head – Investor Relations, Salil Parekh — Chief Executive Officer and Managing Director, Pravin Rao — Chief Operating Officer and Whole-Time Director, Yogesh Aggarwal — HSBC Securities — Analyst, Keith Bachman — BMO Capital Markets — Analyst, Sandip Agarwal — Edelweiss Capital — Analyst, Kawaljeet Saluja — Kotak Securities — Analyst, Ladies and gentlemen, good day, and welcome to the Infosys Earnings Conference Call. And in fact, we’ve raised our guidance keeping very much in mind the strong demand that you see and the good conversion large deals that we have in place. Our utilization, if you recall, was much lower in quarter one and it has been put significantly. I’m thankful to each one of our employees for staying deeply committed to serving our clients, as they themselves navigated their own personal challenges associated with the ongoing COVID situation and a remote operating model. But like I said, this is temporary due to the travel restrictions imposed. However, the current volatility is presenting significant opportunities for cost take-out, and we continue to build a strong pipe. Condensed Ind AS Financial Statements for three and six months ended September 30, 2019; Auditors Report for three and six months ended September 30, 2019; Infosys Consolidated. Hi, Moshe. We are completely digital from the inside. We added 96 clients during the quarter, while the number of 100 million clients increased by sequentially to reach 30 at the end of quarter two. Infosys also announced an interim dividend of Rs 12 per equity share. Client metrics remained strong. Understood. So like I mentioned in my speech that we have seen this benefit both of our three levers which we kick-started at the beginning of the year. Financial Services saw continued improvement in performance both on year-on-year and sequential basis. On the first, there were three M&A transactions we did over the last three months. My question is also on profitability. Thank you very much. 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Infosys Limited NSE Symbol:INFY, BSE Security Code:500209 informed the stock exchange, that the Board of Directors of the company have declared an interim 240.00% dividend of Rs.12.00 per equity share of face value of Rs.5.00 for the fiscal year 2020-21. We see a very good guidance increase on revenue. It’s slightly more moderated discount environment. However, there are furlough impact in Q3 normally, and traditionally Q4 has always been a soft quarter for Infosys. This transcript is provided as is without express or implied warranties of any kind. Yeah. And of course, a lot of it in our business, as you know well, is the steady execution, a continuous sort of traction to that. Thanks, Salil. The numbers also topped expectations and the company’s stock gained during the. Updated: 14 Oct 2020, 05:15 PM IST … [Operator Instructions]. Infosys Q2 net profit up 20.5% at Rs 4,845 crore; raises revenue forecast for FY21 The Bengaluru-based company's revenues rose 8.5 per cent to Rs 24,570 crore in the quarter under review, from Rs 22,629 crore in the year-ago period. Infosys Limited (NYSE:INFY) Q2 2021 Earnings Conference Call October 14, 2020 8:30 A.M. That’s number one. So our sense is, over a period of time it will probably go back to maybe I mean low-single-digits, as you talked about, which has always been our comfort zone over the years. Finacle, our award-winning banking platform has received multiple industry recognitions during the quarter, and we’re seeing lot of traction as banks across the world embark on their digital transformation. I think the general answer would be, yes. Could you tell us how many of your employees are currently using visas in the U.S.? We stand together and are extending all possible supports to their families during this trying times. If we see something dramatic in terms of second wave, in terms of COVID, that is not something that we have pertained into a model. I think Nilanjan earlier pointed out that this quarter we have seen fairly new to the headcount addition. Infosys Standalone. Infosys declared interim dividend of ₹8 per share.Q2 revenues of Infosys grew 11.4% year-on-year in constant currency Infosys Limited Q2 2021 earnings call dated Oct. 14, 2020. And how much is the inorganic included in your updated ’21 revenue growth outlook? Revenues in constant currency grew at 2.2% year-on-year and 4% sequentially on the back of a very strong Q1, a growth for H1-over-H1 was 1.9% in constant currency terms. We continue to maintain a very strong debt-free and liquid balance sheet. I’ll go with that. Any ability to give us a sense on how much of the mix of the margin expansion you’ve shown is lasting versus short-term? So have you factored in any potential second wave of pandemic coming in the end user market or do you think that this is something which could be over and above to what you will estimate to us? Yeah, hi. Infosys Limited NSE Symbol:INFY, BSE Security Code:500209 informed the stock exchange, that the Board of Directors of the company have declared an interim 240.00% dividend of Rs.12.00 per equity share of face value of Rs.5.00 for the fiscal year 2020-21. Could you quantify that please? I would say — I mean, it’s a combination, right? Improved Q2 margin performance has consequently led to H1 operating margins at 24.1%, higher than the 21% to 23% band and 3% higher compared to 21.1% reported for the comparative prior period. Improvement strategically updated: 14 Oct 2020, 05:15 PM IST … get latest Infosys Ltd dividend details... Is going to be very marginal for the rest of the acquisitions are. 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