Infosys Q4 Results: Profit jumps 30% YoY to Rs 7,969 crore; co sees FY25 revenue growth at 1-3%

IT services company Infosys on Thursday posted a 30% YoY growth in its consolidated net profit at Rs 7,969 crore for the quarter ended March 2024. The same was at Rs 6,128 crore in the same quarter of last year.

Revenue from operations in the fourth quarter stood at Rs 37,923 crore, up 1% from Rs 37,441 crore clocked in the previous year’s quarter.

Infosys announces final dividend of Rs 20 & special dividend of Rs 8

The Bengaluru-based software major forecast that its constant currency revenue growth for FY25 will be around 1-3%.

The company’s board has recommended a final dividend of Rs 20 per share for FY24 and an additionally a special dividend of Rs 8 per share.

For the March quarter, revenues were flat YoY in constant currency (terms) but declined 2.2% quarter-on-quarter (QoQ).

Infosys clocked a deal value of $4.5 billion in the January-March period, with 44% of it being net new ones. FY24 deal value was the highest ever at $17.7 billion, which the company says will create a robust foundation for growth.