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Infosys’ revenue decreased 1.2% sequentially
  • 19 Jul 2024
  • Infosys reported a 1.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a growth of 4.3%
  • Its expenses for the quarter were up by 2.4% QoQ and 3.3% YoY.
  • The net profit decreased 20.1% QoQ and increased 7.2% YoY.
  • The earnings per share (EPS) of Infosys stood at 15.4 during Q1FY25.

Infosys’ Financial Statements for Q1FY25:

Financials:

  • Revenue: Increased by 3.6% YoY to Rs 39,315 crore.
  • Net Profit: Rose by 7.1% YoY to Rs 6,368 crore.
  • Operating Margin: 21.1%, growth of 0.3% YoY and 1.0% QoQ.
  • Large Deals: Secured the highest-ever number of large deals with a total contract value of $4.1 billion.
  • Upbeat Guidance: Infosys revised its revenue growth guidance for FY25 upwards to 3-4%, indicating a positive outlook.

Management Commentary:

Salil Parekh, CEO and MD said, “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.”

He added, “We have strong traction with our clients with our focused approach for generative AI for enterprises working with their data sets on a cloud foundation. This is building on our Topaz and Cobalt capabilities.”


Data Source: BSE, Company announcements
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