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Infosys Misses Growth Target, Forecasts Weak Fiscal Start
The Business Guardian
|April 18, 2025
On the profit front, Infosys's net profit for the year fell 0.28% to $3.16 billion. A survey of 44 analysts by Bloomberg had pegged net profit at $3.09 billion.
Infosys Ltd, India's second biggest IT services company, missed its revenue growth target for fiscal year FY25 and slipped on profit, despite besting analyst estimates on both fronts. The company also projected its slowest growth for the fiscal at the start of the year in a decade.
The Bengaluru-headquartered company ended the 12 months through March 2025 with $19.28 billion in revenue, beating a Bloomberg estimate by 46 analysts of $19.16 billion. But its 4.2% year-on-year (y-o-y) revenue growth in constant currency terms (not taking currency fluctuations into account) missed the guidance of 4.5-5% that it had outlined in January 2025.
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