Infy tops profit estimates, lifts FY25 revenue forecast

Sees 7.1% rise in QI earnings, 100 bps improvement in margin to 21.1%

- SHIVANI SHINDE

Infosys, India's second-largest software exporter by revenue, surprised the Street by raising its revenue guidance for 2024-25 (FY25) upwards to 3 per cent4 per cent in constant currency terms.

The Street was expecting the company to maintain its revenue guidance at 1 per cent-3 per cent.

This signals better informationtechnology expenditure by clients.

The company reported a 7.1 per cent year-on-year (Y-o-Y) increase in its net profit at ₹6,368 crore for the first quarter of FY25, above the consensus Bloomberg estimates of around ₹6,248 crore. Sequentially, net profit was down 20.4 per cent.

Revenue for the quarter grew by 3.6 per cent Y-o-Y to approximately ₹39,315 crore, above the consensus Bloomberg estimate of around ₹38,810 crore.

Sequentially, revenue was up 3.7 per cent.

The company has guided its operating margin of 20-22 per cent for FY25. The share price of Infosys, which announced its results after market hours, was almost 2 per cent up at ₹1,759.15.

The firm's ADR (American depositary receipt) increased 8.26 per cent in early trade (9.51 pm IST).