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Infosys 02 net profit rises 5% to ₹6,506 cr
The New Indian Express
|October 18, 2024
Revises FY25 revenue guidance from 3-4% to 3.75-4.5%; the company is also planning a wage hike in O4
IT services company Infosys has revised its FY25 revenue guidance from 3%-4% to 3.75% to 4.5% on the back of performance in Q2 and ramp up of mega deals pipeline. In the last eight quarters, this revision has been the seventh one, and the company has retained its margin guidance at 20%-22%. The company on Thursday reported a 4.7% increase in its consolidated net profit at ₹6,506 crore for the quarter ended September 30, compared to ₹6,212 crore in the year-ago period. The Bengaluru-headquartered company met Street estimates and reported a 5% YoY growth in revenue from operations at ₹40,986 crore.
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