IT major Infosys has reported stellar all-round performance with 3.6 per cent sequential revenue growth in cc terms.
Bengaluru-headquartered IT services major Infosys on Thursday reported its earnings for the quarter ended June 30, 2024. Revenue at the digital services and consulting firm registered a 3.6 per cent uptick sequentially to $4,714 million, while it rose 2.5 per cent on-year in constant currency terms.
Zee Business research desk projected revenue in constant currency terms to grow by 2.3 per cent sequentially.
In rupee terms, revenue during the reporting quarter came in at Rs 39,315 crore, while the desk anticipated the figure at Rs 38,900 crore. In the previous March-ended quarter, the company’s consolidated revenue was recorded at Rs 37,923 crore.
Operating margin at the company during the review period came in at 21.1 per cent, up 1 per cent quarter-on-quarter.
The consolidated net profit for the April-June quarter came in at Rs 6,368 crore, down 20.1 per cent sequentially, nonetheless, it marked a 7.1 per cent uptick on-year. The research desk anticipated a 20.9 per cent fall in net profit sequentially to Rs 6,300 crore as against Rs 7,969 crore reported in the previous quarter.
Ahead of its results later today, the stock after marking its fresh 52-week high in intraday trade ended at Rs 1,759.15, up nearly 2 per cent.
“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”, said Salil Parekh, CEO and MD.