Thu Oct 17 21:44:37 UTC 2024: ## Indian IT Giants Deliver Strong Q2 Results: Infosys, Wipro, and LTIMindtree See Growth

**Mumbai, India** – India’s leading IT service companies delivered robust financial results for the second quarter of fiscal year 2024-25 (Q2FY25) ending September 2024, reflecting a continued positive trend in the sector.

**Infosys**, the country’s second largest software exporter, reported a 5% increase in consolidated net profit, reaching ₹6,506 crore. This growth was attributed to strong execution and expansion of top accounts, with large deal bookings surpassing $1 billion for the second consecutive quarter. The company also declared an interim dividend of ₹21 per share.

**Wipro**, the fourth-largest IT services provider, saw an impressive 21% surge in net profit, hitting ₹3,209 crore. This strong performance was driven by new deals and a bonus share issue proposal for shareholders.

**LTIMindtree**, a leading global technology solutions provider, reported a 7.7% year-on-year increase in consolidated net profit to ₹1,251 crore, accompanied by a 6% rise in revenue from operations.

**Key Highlights:**

* **Infosys:** 5% net profit growth, large deal bookings exceeding $1 billion, interim dividend of ₹21 per share.
* **Wipro:** 21% surge in net profit, proposal for a bonus share issue, expected margin and revenue stability despite softer deals.
* **LTIMindtree:** 7.7% year-on-year increase in net profit, 6% revenue growth.

These strong results demonstrate the resilience of the Indian IT sector, despite global economic uncertainties. The companies’ focus on large deals, strong execution, and expansion of top accounts have contributed to their continued success.

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