Infy profit down 12%, misses estimates

THE country's second-largest IT services firm Infosys on Thursday missed Street estimates and reported an 11.7% fall in consolidated net profit for the quarter ended March 2025 at ₹7,033 crore as against ₹7,969 crore in the year-ago period.

- UMA KANNAN @ Bengaluru

Its revenue from operations in the quarter under review stood at ₹40,925 crore, an 8% rise compared to ₹37,923 crore in the same quarter last year. However, sequentially it fell 2%.

Like its peers, the company issued a cautious FY26 outlook and has guided 0% to 3% revenue growth and operating margin of 20% to 22%.

Salil Parekh, CEO and MD, in a post-earnings press conference said there's uncertainty in the environment. "We have several deals that we closed in the last quarter and the quarters before that and those are today moving to the next phase and we have not seen any change in that," he said. "When things of this nature (changes in environment) happened in the past, there's also an interest with clients on cost takeout, automation, efficiency and consolidation and we will see how it plays out," the CEO added.