Infosys Reports 7% Jump In Net Profit At ₹6,368 Cr, Ups Guidance

Infosys reported its earnings for the quarter ended June after market close on Thursday.

What Happened: The IT services giant reported a net profit of ₹6,368 crore, up around 7% from the ₹5,945 crore posted in the same quarter last year. The revenue from operations stood at ₹39,315 crore, an increase of around 7% from the ₹37,933 crore posted in the same quarter last year. The street expected the company's revenue to come in at ₹38,875 crore with a net profit of ₹6,210 crore. The numbers have passed the expectations.

The company has guided for revenue growth of 3%-4% in constant currency with an operating margin of 20%-22% for FY25. This is an upgrade to the 1%-3% revenue guidance it had shared earlier.

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On a sequential basis, revenue was up around 3.7% from the ₹37,923 crore posted in the March quarter. Net profit was down around around 20% from the ₹7,969 crore posted in the March quarter.

“We had an excellent start to FY25 with strong and broad-based growth, operating margin expansion, robust large deals, and highest highest-ever cash generation. This is a testimony to our differentiated service offerings, enormous client trust, and relentless execution", said Salil Parekh, CEO, Infosys.

Tech giants have shown good numbers for the past quarter. Fellow IT services TCS posted its June quarter results that beat expectations. The Tata Group company's net profit for the June quarter came in at ₹12,040 crore, and a revenue of ₹62,613 crore. HCLTech and LTIMindtree‘s numbers also impressed analysts.

Price Action: Infosys’ share price was up 1.85% to close at ₹1,758.05 on Thursday.

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