Infosys to Announce Q2 Results and Consider Interim Dividend on October 16

Infosys Limited, a global leader in next-generation digital services and consulting, is set to announce its financial results for the quarter and half-year ending September 30, 2023, on October 16. The company's board of directors is scheduled to meet on October 15-16 to approve the audited standalone and consolidated financial results and consider declaring an interim dividend.

Key Details

Event	Date and Time
Board Meeting	October 15-16, 2023
Results Announcement	October 16, 2023
Press Conference	October 16, 2023, 4:15 PM
Conference Call	October 16, 2023, 5:30 PM

Infosys has closed its trading window for insiders since September 16, which will reopen 48 hours after the results announcement.

Previous Quarter Performance

In the previous quarter, Infosys reported:

Metric	Value	Quarter-on-Quarter Change
Revenue	Rs 42,279.00 crore	Up 3.30%
Net Profit	Rs 6,921.00 crore	Down 2.00%

Current Stock Performance

As of the latest available data, Infosys shares were trading at Rs 1,496.80, representing a year-to-date decline of 20.49%.

Recent Developments

In a separate announcement, Infosys has been awarded a significant contract by the NHS Business Services Authority (NHSBSA) in the United Kingdom. The company has secured a £1.20 billion, 15-year contract to deliver the Future NHS Workforce Solution. This new solution will replace the current Electronic Staff Record (ESR) system and will be responsible for paying 1.90 million NHS employees in England and Wales over £55.00 billion in annual payroll.

The Future NHS Workforce Solution is designed to support the NHS 10-year Health Plan and aims to create a workforce fit for the future. It will provide a modern, flexible, and integrated platform supporting the entire employee lifecycle, from recruitment and onboarding to payroll, career development, and retirement.

Salil Parekh, Chief Executive Officer & Managing Director of Infosys, commented on this development, stating, "We are honored to be chosen by the NHSBSA to deliver generational change for employees of the NHS in England and Wales through the Future Workforce Solution."

As Infosys prepares to announce its Q2 results, investors and analysts will be keenly watching for any updates on the company's performance, dividend declaration, and future outlook, especially in light of this significant new contract with the NHS.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.22%	+2.15%	-1.23%	+4.48%	-23.94%	+31.04%

Infosys , a global leader in digital services and consulting, has clinched a monumental £1.2 billion contract with the NHS Business Services Authority (NHSBSA) to revolutionize workforce management for the National Health Service (NHS) in England and Wales. This 15-year agreement marks a significant milestone in the NHS's digital transformation journey and aligns with its 10-year Health Plan.

Contract Details and Scope

The contract tasks Infosys with developing and implementing the Future NHS Workforce Solution, a cutting-edge platform designed to replace the current Electronic Staff Record (ESR) system. This new solution will be responsible for managing payroll for 1.9 million NHS employees, processing over £55 billion annually.

Key Features of the Future NHS Workforce Solution

The new platform will incorporate:

AI-driven tools for streamlined workforce planning
Advanced technologies supporting the entire employee lifecycle
Intuitive interfaces for improved user experience
Data-driven decision-making capabilities
Seamless integration with other systems for enhanced operational efficiency

Impact on NHS Operations

Aspect	Impact
Payroll Management	Processing £55+ billion annually for 1.9 million employees
Operational Efficiency	Streamlining workforce planning and management
Employee Experience	Improved self-service capabilities for personal information management
Decision Making	Enhanced data-driven insights for management
Integration	Seamless connectivity with other NHS systems

Strategic Importance

This contract is more than just a system upgrade; it's a strategic move aligned with the NHS's long-term vision. Michael Brodie, Chief Executive of NHSBSA, emphasized that the solution "will be a strategic enabler for building a workforce that is fit for the future."

Infosys' Role and Expertise

Infosys was selected after a rigorous procurement process, highlighting the company's:

Proven track record in large-scale digital transformation
Innovative approach to user-centric design
Commitment to operational excellence

Salil Parekh, CEO & Managing Director of Infosys, expressed the company's commitment to delivering "generational change" for NHS employees through this platform.

Looking Ahead

As the NHS continues to evolve and adapt to changing healthcare needs, this new workforce management solution is poised to play a crucial role in supporting its staff and, by extension, improving patient care across England and Wales. The successful implementation of this system over the next 15 years will be a key factor in realizing the NHS's vision of a workforce fit for the future of healthcare.

This landmark contract not only underscores Infosys' capabilities in handling large-scale, mission-critical projects but also highlights the increasing importance of advanced digital solutions in modernizing public healthcare systems.