Infosys has announced its October-December quarterly earnings. The company posted a net profit of ₹6,806 crore in the quarter under review compared to ₹6,106 crore in Q3 in 2023-24, up 11.4 percent on a year-on-year (YoY) basis. Quarterly, the profit rose 4.6 percent from ₹6,506 crore in the September quarter (Q2FY25).
Meanwhile, its revenue rose 7.6 percent to ₹41,764 crore compared to ₹38,821 crore in the third quarter of FY24. Sequentially, the profit rose just 1.9 percent from ₹40,986 crore in Q2FY25. In constant currency terms, its revenue grew 6.1 percent YoY and 1.7 percent QoQ.
Further, the IT major raised its full fiscal year 2024-25 revenue growth guidance to 4.5-5 percent, from 3.75-4.5 percent earlier while margin guidance has been maintained at 20-22 percent.
Infosys's operating margin came in at 21.3 percent for the December quarter, up 0.8 percent YoY. The third quarter saw a record-breaking free cash flow of $1,263 million, marking a 90 percent year-on-year growth. Large deal wins achieved a total contract value (TCV) of $2.5 billion, with 63 percent being net new deals, reflecting a robust 57 percent sequential growth. Additionally, headcount rose for the second consecutive quarter, indicating sustained expansion.
“Our strong revenue growth sequentially in a seasonally weak quarter and broad-based year-on-year growth, along with robust operating parameters and margins, is a clear reflection of the success of our differentiated digital offerings, market positioning, and key strategic initiatives. We continue to strengthen our enterprise AI capabilities, particularly focusing on generative AI, which is witnessing increasing client traction. This has led to another quarter of strong large deal wins and improved deal pipeline giving us greater confidence as we look ahead," said Salil Parekh, CEO and MD of Infosys.
(By arrangement with livemint.com)
