Infosys reported a strong set of second quarter earnings with a record number of deal wins and also upped its guidance.

The company revised its revenue growth guidance to 2-3 percent in constant currency terms for this financial year, up from 0-2 percent earlier. The full-year operating margin guidance has also been raised to 23-24 percent, from 21-23 percent earlier.

Moshe Katri, MD of Wedbush Securities’ said: “Infosys numbers were pretty much in line with what we have seen from TCS and what we have seen with some of the commentary that we had last quarter. It feels good to see that some things go back maybe to normal, salary hikes, wage inflation…”

According to Amit Chandra of HDFC Securities the main highlight of Infosys second quarter earnings was the large deal wins. “This shows the optimism in the market as large deals are getting closed,” he said.

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