Infosys Q1FY25 results: Revenue logs 3.6% growth; FY25 revenue guidance raised to 3-4%
IT major Infosys has reported stellar all-round performance with 3.6 per cent sequential revenue growth in cc terms.
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Bengaluru-headquartered IT services major Infosys on Thursday reported its earnings for the quarter ended June 30, 2024. Revenue at the digital services and consulting firm registered a 3.6 per cent uptick sequentially to $4,714 million, while it rose 2.5 per cent on-year in constant currency terms.
Zee Business research desk projected revenue in constant currency terms to grow by 2.3 per cent sequentially.
In rupee terms, revenue during the reporting quarter came in at Rs 39,315 crore, a 3.6 per cent growth on-year, while the desk anticipated the figure at Rs 38,900 crore. In the previous March-ended quarter, the company's consolidated revenue was recorded at Rs 37,923 crore.
Operating margin at the company during the review period came in at 21.1 per cent, up 1 per cent quarter-on-quarter.
The consolidated net profit for the April-June quarter came in at Rs 6,368 crore, down 20.1 per cent sequentially, nonetheless, it marked a 7.1 per cent uptick on-year. The research desk anticipated a 20.9 per cent fall in net profit sequentially to Rs 6,300 crore as against Rs 7,969 crore reported in the previous quarter.
“We had an excellent start to FY25 with strong and broad-based growth, operating margin expansion, robust large deals, and highest ever cash generation. This is a testimony to our differentiated service offerings, enormous client trust, and relentless execution”, said Salil Parekh, CEO and MD.
Free cash flow was highest ever at $1,094 million, an increase of 56.5% year over year, said the company's press release. The number of large deal wins during the reporting quarter was highest ever at 34 with TCV of $4.1 billion, 57.6 per cent being net new, it added.
Guidance for FY25:
The IT major has raised the guidance to 3%-4% revenue growth in constant currency terms, while the operating margin is pegged at 20-22 per cent. The desk estimated the company to maintain 1-3 per cent CC earnings growth and 20-22 per cent EBIT margin guidance for FY25.
Infosys share price performance
Ahead of its results later today, the stock after marking its fresh 52-week high in intraday trade ended at Rs 1,759.15, up nearly 2 per cent. In the last one year, the stock of Infosys has gained 23.6 per cent.
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