Infosys : Highest ever large and mega deal wins with TCV of $7.7 billion lay solid foundation for future
BENGALURU, India, Oct. 12, 2023 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $4,718 million in Q2 revenues with year-on-year growth of 2.5% and sequential growth of 2.3% in constant currency. Large deal TCV for the quarter was $7.7 billion, with net new of 48%. Operating margin for the quarter increased by 40 bps sequentially to 21.2%. Attrition declined further to 14.6%. FY24 revenue guidance revised to 1.0%-2.5% and operating margin guidance retained at 20%-22%.
- Infosys extended collaboration with Liberty Global to help evolve and scale Liberty Global's digital entertainment and connectivity platforms leveraging Infosys Topaz.
- By harnessing the power of generative AI, Infosys will help customers accelerate growth and innovation."
- Together, NVIDIA and Infosys will create an expert workforce to help businesses use this platform to build custom applications and solutions."
- Better operational flow equals more effective and empowered staff and builds on the award-winning customer experience our Bank consistently offers."