Infosys posted its earnings for the quarter ended September on Thursday evening after market close.

What Happened: Infosys posted a net profit of ₹6,506 crore, a 4.7% increase from the ₹6,212 crore net profit posted in the same quarter last year. Revenue from operations for the quarter stood at ₹40,986 crore, up 5% from the ₹38,994 crore posted in the corresponding quarter of the previous year.

The numbers beat Dalal Street estimates on revenue but missed expectations on profit. Analysts expected the IT behemoth to post a revenue of ₹40,727 crore with a net profit of ₹6,843 crore.

The company also declared an interim dividend of ₹21 per share. The record date is fixed for October 29, 2024, as a record and November 8, 2024, is the payout date.

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The company has revised its guidance for FY25, now expecting revenue growth of 3.74%-4.50% in constant currency, an upgrade from the previous 3%-4% range. Additionally, the company anticipates an operating margin of 20%-22%.

The company’s peers HCLTech and TCS posted their quarterly numbers earlier in the month.

The Tata Group company’s net profit for the July-September quarter rose 5% to ₹11,909 crore, slightly below analysts’ estimates of ₹12,572 crore. Revenue increased by 7.5% to ₹64,259 crore, aligning with expectations.

HCLTech reported a 10.5% jump in net profit to ₹4,235 crore, with revenue up 8.2% to ₹28,862 crore, surpassing analyst forecasts of ₹28,590 crore in revenue and ₹4,045 crore in profit.

Price Action: Inofsys’ share price was up 2.84% to close ₹1,974.55 on Thursday.

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