Key Points
- Quarterly revenue hits ₹40,986 crore, up 3.8% sequentially.
- FY25 revenue growth guidance revised to 3.75-4.5% from 3-4%.
- Net profit for the quarter is ₹6,506 crore, a 2.2% increase.
- Growth noted in Energy & Utilities and Manufacturing sectors.
- Headcount increased by 2,456, totaling 3,17,788 employees.
- Interim dividend of ₹21 per share announced.
Looma News
Infosys just released its quarterly results, and they’re looking pretty solid. The Bengaluru-based IT giant raked in ₹40,986 crore for the quarter ending September, marking a 3.8% rise from the last quarter. They’ve also raised their growth forecast for FY25 to a range of 3.75-4.5%, up from the previous 3-4%.
Net profit came in at ₹6,506 crore, a nice 2.2% jump from last quarter. While some areas like Banking, Financial Services, and Insurance (BFSI) faced a bit of a slump, sectors like Energy & Utilities and Manufacturing are doing great. CEO Salil Parekh noted that they’re seeing strong interest in new growth spots, especially in the Middle East and Japan, while they continue to strengthen their foothold in North America, Europe, and Australia.
Growth Insights
Now, on the deal front, Infosys reported a drop in the total contract value (TCV) for big deals this quarter, coming in at $2.4 billion, down from $4.1 billion last quarter. But here’s the good news: 41% of those deals were with new clients, showing they’re making progress in bringing in fresh business. Their free cash flow stood at ₹7,010 crore, growing a solid 26.6% year-on-year.
As for headcount, Infosys saw an increase, now employing 3,17,788 people, bouncing back from previous cuts. Although voluntary attrition rose a bit to 12.9%, it’s still looking better compared to last year.
Looking Ahead
Overall, experts think Infosys is handling the macroeconomic challenges pretty well, and there’s a positive vibe around its deal pipeline for future growth. They’re also aiming to shift their image from just being a low-cost provider to being seen as a major player in business transformation.
To cap it off, shares climbed 2.84% during the day, closing at ₹1,974.55 on the BSE. Plus, they declared an interim dividend of ₹21 per share, with a record date set for October 29. Not a bad day for Infosys.
