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Infosys net profit rises 5% to ₹6,506 crore in July-Sept FY25
Millennium Post Delhi
|Delhi 18 October 2024
Revenue from operations increased 5% year on year to Rs 40,986 crore
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Infosys Ltd, India's second-largest IT services exporter, on Thursday reported a near 5 per cent rise in its second quarter net profit and raised revenue guidance for the year on broad based recovery in demand particularly from its key financial industry clients.
Consolidated net profit of Rs 6,506 crore in July-September - the second quarter of current 2024-25 fiscal year - was 4.7 per cent higher than the year-ago earnings and 2.2 per cent more than the net profit in the preceding quarter, according to a company statement.
Technology services bellwether for the second consecutive quarter raised its revenue guidance for the full financial year.
It now expects constant currency revenue growth between 3.75 per cent and 4.5 per cent for the financial year April 2024 to March 2025, higher than its earlier guidance of 3 per cent to 4 per cent.
The company had raised its guidance in the June quarter from the 1 per cent to 3 per cent range it started the year with.
The upward revision comes on the back of a ramp-up of mega deals.
This story is from the Delhi 18 October 2024 edition of Millennium Post Delhi.
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