Infosys Q2 results tad below estimates

Infosys has reported a consolidated net profit of Rs11bn in the second quarter versus Rs10.79bn in the quarter ended June, translating into a sequential growth of 2%. Consolidated net sales have risen by 8.8% QoQ at Rs41.06bn versus Rs37.73bn in the quarter ended June.

The results are no great shakes, and the market is unlikely to take kindly to the numbers. The stock along with other IT shares are expected to fall on the disappointing results from Infosys.

Infosys Board of Directors at its meeting held today has declared an interim dividend of Rs6 on each equity share (120% on a par value of Rs5 per share).