Infosys Revenue Guidance
The IT services company has revised its revenue guidance upwards to 4.5%-5% for the current fiscal year.
The Bengaluru-based company clocked a strong constant currency revenue growth of 6.1% YoY, while the same was up 1.7% quarter-on-quarter.
Infosys also sees operating margins to be around 20-22% in FY25.
Operating profit during the third quarter increased 12% YoY to Rs 8,912 crore, while operating margins expanded 80 basis points to 21.3%.
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The company has clocked a large deal TCV (total contract value) of $2.5 billion during the December quarter, which was up marginally from $2.4 billion in the preceding September quarter.
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Infosys Management Talk
“Our strong revenue growth sequentially in a seasonally weak quarter and broad-based year on year growth, along with robust operating parameters and margins, is a clear reflection of the success of our differentiated digital offerings, market positioning, and key strategic initiatives,” said Salil Parekh, CEO and MD, Infosys.More to come…
