IT services firm Infosys Ltd. (NYSE: INFY) reported revenue rose 9.9% in its fiscal second quarter ended Sept. 30; the increase was 11.4% in constant currency. The fastest revenue growth was in India.

(US$ millions) Q2 2020 Q2 2019 % change % constant currency
Revenue $3,210 $2,921 9.9% 11.4%
Gross profit $1,070 $1,037 3.2%  
Gross margin percentage 33.3% 35.5%    
Net profit $572 $581 -1.5%  

Revenue rose in North America, Europe and India, but fell in the company’s “rest of world” segment.

Revenue by geography

(US$ millions) Q2 2020 Q2 2019 % change
North America $1,970 $1,762 11.8%
Europe $775 $701 10.6%
India $86 $73 17.8%
Rest of world $379 $385 -1.6%

Quote

“We saw expansion in operating margins during the quarter driven by improvement in operational parameters and cost efficiencies,” CFO Nilanjan Roy said.

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