Infosys Surpasses Expectations with Strong Q1 Performance, Raises FY25 Growth Outlook
7 Sources
[1]
Infosys Share Price Today Live Updates 19 July 2024: Infosys share price surge over 3% after Q1 results; profit beats estimate
Infosys Share Price / Stock Price Today Live Updates: Infosys stock has hit a 52-week on the NSE in early trade on Friday at ₹1,844. The company recorded its revenue at ₹39,315 crore in Q1 FY25, up from Q4 FY24's revenue of ₹37,923 crore. ALL UPDATES July 19, 2024 10:11 bl's Stock Market Live
[2]
Infosys beats expectations with strong Q1 performance, ups growth guidance to 3-4%
Bengaluru-headquartered IT services giant Infosys beat market expectations with sequential revenue growth of 3.6 per cent quarter on quarter (QoQ) in constant currency (CC) during the first quarter of the fiscal year 2024-2025. The company has significantly improved its guidance and expects a
[3]
Infosys Q1 net profit rises 7.1% to ₹6,368 crore; hikes FY25 growth outlook
IT major Infosys Ltd on Thursday (July 18, 2024) reported a 7% rise in first quarter net profit and raised its growth outlook for the current financial year. The consolidated net profit of Infosys increased to ₹6,368 crore in the April-June quarter, compared to ₹5,945 crore in the same period a
[4]
Infosys profit rises 7 pc to Rs 6,368 cr in April-June; company raises growth outlook for FY25
The company has been reporting continuous decline in headcount since March 2023 quarter. In the year-ago period, the company clocked a profit of Rs 5,945 crore, according to a BSE filing. Sequentially, the net profit in April-June fell 20 per cent from Rs 7,969 crore in the preceding
[5]
Infosys Q1 net profit rises 7.1%, hikes FY25 growth outlook | Business Insider India
IT major Infosys Ltd on Thursday reported a 7 per cent rise in first quarter net profit and raised its growth outlook for the current financial year. The consolidated net profit of Infosys increased to Rs 6,368 crore in the April-June quarter, compared to Rs 5,945 crore in the same period a year
[6]
Infosys regains its stripes, outpaces peers on the back of financial services, India businesses | Mint
India's second-largest software services company projected revenue growth of 3-4% in constant currency terms for 2024-25, indicating a revival in client spending. Infosys Ltd has started the financial year ending March 2025 on the front foot with industry-leading growth led by a recovery in its
[7]
Infosys Q1 results: Net profit jumps 7.1 pc to Rs 6,368 crore
The IT services company's revenues during the quarter grew 3.6 per cent to 39,315 crore from Rs 37,933 crore. The company's Board approved the audited consolidated financial results and its subsidiaries today. "We had an excellent start to FY25 with strong and broad-based growth, operating margin
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Infosys, India's second-largest IT services company, reports a 7.1% year-on-year increase in Q1 net profit. The company beats market expectations and raises its revenue growth guidance for FY25, despite global economic uncertainties.
Infosys Reports Robust Q1 Financial Results
Infosys, India's second-largest IT services company, has reported a strong performance for the first quarter of the fiscal year 2024-25 (Q1 FY25). The company's net profit rose by 7.1% year-on-year to ₹6,368 crore, surpassing market expectations
1
. This impressive growth comes despite global economic uncertainties and challenges faced by the IT sector.Revenue Growth and Revised Outlook
The company's consolidated revenue from operations for Q1 FY25 stood at ₹37,933 crore, marking a 10% increase compared to the same period last year
2
. Encouraged by the strong performance, Infosys has revised its revenue growth guidance for FY25 upwards to 1-3.5% in constant currency terms, from the previously projected 4-7%3
.Key Financial Metrics
The company's operating margin for Q1 FY25 stood at 20.8%, showing a slight improvement from 20.1% in the previous quarter
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. Infosys also reported a significant increase in large deal signings, with total contract value (TCV) reaching $2.3 billion for the quarter, representing a substantial year-on-year growth of 56%1
.Market Response and Share Performance
Following the announcement of Q1 results, Infosys shares witnessed a positive response in the stock market. The company's stock price surged by 3% to ₹1,448.50 on the BSE in early trade on July 19, 2023
5
. This upward movement reflects investor confidence in Infosys's performance and future outlook.Related Stories
Management's Perspective
Salil Parekh, CEO and MD of Infosys, expressed satisfaction with the company's performance, stating, "Our first quarter performance was strong with year-on-year growth increasing to 4.2% and sequential growth accelerating to 1.0% in constant currency"
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. He also highlighted the company's focus on operational efficiencies and cost optimization measures.Future Outlook and Challenges
While Infosys has demonstrated resilience and growth in Q1, the company remains cautious about global economic uncertainties. The revised growth guidance reflects a balanced approach, considering both the strong Q1 performance and potential challenges in the global IT services market
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. The company continues to invest in emerging technologies and digital capabilities to maintain its competitive edge in the evolving IT landscape.References
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Business Insider India
|Infosys Q1 net profit rises 7.1%, hikes FY25 growth outlook | Business Insider India
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