Infosys Q4 Results HIGHLIGHTS: Consolidated PAT soars 30.5% sequentially, beats Street estimates; board declares Rs 28/share dividend
Infosys Q4 Results FY24 HIGHLIGHTS: Infosys reported a quarterly net profit that far exceeded analysts expectations, roughly a week after its rival Tata Consultancy Services (TCS) kicked off a new earnings season on Dalal Street. Catch all the latest updates on the Infosys earnings here.
Infosys Q4 Results FY24 HIGHLIGHTS: Bengaluru-headquartered Infosys, the country's second largest IT firm, reported a better-than-expected net profit for the the final quarter of the financial year 2023-24 on Thursday, April 18. The Infosys earnings come roughly a week after Tata Consultancy Services (TCS) kicked off a fresh results season for India Inc.
Infosys dividend
The Infosys board gave the nod to a final dividend of Rs 20 for FY24 as well as a special dividend of Rs 8, amounting to a total dividend of Rs 28 per share.
Infosys FY25 guidance
For the current financial year (FY25), the IT giant pegged revenue growth in constant currency at 1-3 per cent and operating margin at 20-22 per cent.
Infosys attrition
Voluntary IT services attrition at the IT major eased by 30 basis points sequentially to 12.6 per cent.
Catch all the highlights of the Infosys Q4 FY24 earnings report here:
Latest Updates
Infosys Q4 Results LIVE Update: What market wizard Anil Singhvi says
Zee Business Managing Editor Anil Singhvi points out that the IT major has reported a weak set of earnings.
The market wizard sees support for Infosys futures coming in at Rs 1,355 and Rs 1,375 levels, and a higher level at Rs 1,445.
A 3-5 per cent fall in Infosys shares will provide a good buying opportunity given the stock has already declined almost 12 per cent over the past few weeks, he points out.
Infosys News: Infy board approves acquisition of Germany-based engineering R&D services firm 'in-tech Holding GmbH'
Infosys announces a definitive agreement to acquire 'in-tech', an engineering R&D services provider focused on the German automotive industry. This strategic investment further strengthens Infosys’ engineering R&D capabilities and reaffirms its continued commitment to global clients to navigate their digital engineering journey, says Infosys.
What does Germany's 'in-tech' do?
Germany-headquartered 'in-tech' is one of the fastest growing engineering R&D services providers that shapes digitisation in the automotive, rail transport and smart industry sectors. It develops solutions in e-mobility, connected and autonomous driving, electric vehicles (EVs), off-road vehicles and railroads.
Its offerings include system design, methodical consulting, advanced electronics platform development and validation of automotive specific software and hardware systems, infotainment, and experience validation.
Infosys Q4 Results LIVE Update: Board declares Rs 20/share final dividend, Rs 8/share special dividend—total dividend Rs 28/share
The IT firm recommended a final dividend of Rs 20 per equity share for the financial year 2023-24 as well as a special dividend of Rs 8 per equity share, amounting to a total dividend of Rs 28 per share for eligible shareholders.
Infosys Q4 Results LIVE Update: FY25 guidance falls short of analysts' expectations
According to Zee Business research, Infosys was expected to give revenue growth guidance to the tune of 4-6 per cent for the current financial year in constant currency.
Zee Business analysts pegged the company's FY25 guidance for EBIT margin at 21-22 per cent.
Infosys Q4 Results LIVE Update: Free cash flow at 11-quarter high driven by company's relentless focus to improve working capital cycle, says CFO
"Consistent with the objective of giving high and predictable returns to shareholders, the Board has approved the capital allocation policy under which the company expects to return 85 per cent over the next five years and progressively increase annual Dividend Per Share," says Jayesh Sanghrajka, CFO, Infosys.
“Operating margin expansion in the medium-term and improving cash generation continue to remain our priorities underpinned by early success in Project Maximus," the CFO adds.
Infosys FY24 Results: Revenue growth at 1.4% YoY in constant currency
Here are some other highlights of the financial year gone by:
- Reported revenues up 4.7% YoY at Rs 1,53,670 crore
- Operating margin at 20.7%, down 40 bps YoY
Infosys Q4 Results LIVE Update: Operating margin FY25 guidance at 20-22%
Infosys Q4 Results LIVE Update: Revenue growth FY25 guidance in constant currency at 1-3%
Infosys Q4 Results LIVE Update: Would like to thank our 3,17,000 employees across the world, says Salil Parekh
“I would like to thank our 3,17,000 employees across the world that are working to create value for our clients," says the Infosys CEO.
Infosys Q4 Results LIVE Update: FY24 large deal value highest ever, says CEO Salil Parekh
“We delivered the highest ever large deal value in the financial year 2024. This reflects the strong trust clients have in us. Our capabilities in Generative AI continue to expand," says Salil Parekh, CEO and MD, Infosys.
"We are working on client programs, leveraging large language models with impact across software engineering, process optimisation, and customer support," the CEO adds.
Image: Reuters
Infosys Q4 Results LIVE Update: Free cash flow robust at 11-quarter high of $848 million, says IT major
Infosys Q4 Results LIVE Update: Large deal TCV at $4.5 billion
The total contract value (TCV) of large deals stands at $4.5 billion for the March quarter, with net new deals at 44 per cent, according to Infosys.
Infosys Q4 Results LIVE Update: Dollar revenue at $4,564 million
The company says its revenue is flat on a year-on-year basis and down of 2.2 per cent sequentially in constant currency.
Infosys Q4 Results LIVE Update: Operating margin shrinks by 40 bps QoQ
The IT major's operating margin comes in at 20.1 per cent for the March quarter, as against 20.5 per cent for the previous three months.
Infosys Q4 Results LIVE Update: Revenue declines 2.3% sequentially
The IT giant registers revenue of Rs 37,923 crore for the final quarter of FY24, as against Rs 38,821 crore for the October-December period.
According to Zee Business research, Infosys was expected to log fourth-quarter revenue of Rs 38,550 crore.
Infosys Q4 Results LIVE Update: Attrition eases by 30 bps sequentially
Voluntary IT services attrition at the Bengaluru-headquartered IT giant, on a trailing-12-month basis, eases to 12.6 per cent in Q4 from 12.9 per cent in Q3.
Infosys Q4 Results LIVE Update: Consolidated net profit up 30.5% sequentially at Rs 7,969 crore, beats Street estimates
Infosys, the country's second largest IT services exporter, reports a consolidated net profit of Rs 7,969 crore for the March quarter, as against Rs 6,106 crore for the previous three months.
Zee Business analysts had pegged the IT major's fourth-quarter net profit at Rs 6,220 crore.
Infosys Q4 Results LIVE Update: Infosys shares end stronger ahead of earnings announcement, shrug off overall weakness on Dalal Street
The Infosys stock settles at Rs 1,420.6 apiece for the day on BSE, stronger by Rs 5.8 or 0.4 per cent from its previous close.
Catch all the highlights of the April 18 session on Dalal Street here
Infosys Q4 Results LIVE Update: What kind of FY25 margin guidance can you expect from the IT major today?
Zee Business analysts expect Infosys to place its EBIT margin guidance for FY25 at 21-22 per cent.
Infosys Q4 Results LIVE Update: FY25 constant currency revenue growth guidance likely at 4-6%
According to Zee Business research, the country's largest IT services exporter, Infosys, is estimated to give an annual guidance for revenue growth in FY25 in constant currency terms at 4-6 per cent.
Infosys Q4 Results LIVE Update: Margin likely to improve by 20 bps sequentially
According to Zee Business research, Infosys is likely to clock a margin, a key measure of profitability, of 20.7 per cent for the quarter ended March 31, as against 20.5 per cent for the three months to December 31.
Infosys Q4 Results LIVE Update: Dollar revenue seen declining 0.4% sequentially
Zee Business analysts peg Infosys's revenue at $4,643 million in Q4 as against $4,663 million in Q3.
Infosys Q4 Results LIVE Update: Infy EBIT likely to rise 0.2% vs Q3
The IT major is likely to log Rs 7,980 crore in fourth-quarter earnings before interest and taxes (EBIT) as against Rs 7,961 crore for the previous quarter, according to Zee Business research.
Infosys Q4 Results LIVE Update: What are the key things to look out for today?
- FY25 guidance
- Vertical outlook
- Deal total contract value (TCV)
- Deal pipeline
- Margin levers
- Attrition
- Pricing
Infosys Q4 Results LIVE Update: What you can expect in Infosys earnings report today
According to Zee Business research, Infosys is likely to report a consolidated net profit of Rs 6,220 crore for the January-March period, which translates into an increase of 1.9 per cent on a quarter-on-quarter basis.
Zee Business analysts expect the IT giant's fourth-quarter revenue, however, to decline 0.7 per cent sequentially to Rs 38,550 crore.
Infosys Q4 Results LIVE Update: Infy stock logs mild gains ahead of earnings today
Infosys shares are holding on to the green at this hour, up 0.8 per cent for the day at Rs 1,426.6 apiece on BSE, having stayed positive for much of the session so far following three back-to-back sessions of losses.
Infosys Q4 FY24 Results Live Update: Welcome to Zeebiz.com's LIVE blog on the much-anticipated Infosys earnings for the quarter and the year ended March 31
Infosys all set to report Q4 FY24 earnings today
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