Infosys today posted a 7.1% increase in net profit at Rs 6,368 crore for the three months ended June of fiscal year 2024-25 compared to a year ago. It also witnessed a 3.6% increase in revenue from operations at Rs 39,315 crore, according to a regulatory filing.
Moreover, Infosys has revised the revenue growth outlook upwards by 3-4 per cent for the fiscal year 2024-25. It has retained the EBIT margin guidance at 20-22 per cent for the current financial year.
It won 34 large deals, the highest-ever, during the quarter valued at $4.1 billion in TCV, a significant portion was net new at 57.6 percent deals.
It has, he said, returned strong growth, expanded operating margins, robust large deals, and record cash generation. The Generative AI strategy at Infosys and how it would impact client ties rested on the back of the development in Topaz and Cobalt capabilities.
Even with such achievements, Infosys continued to note a fall in headcount for the sixth successive quarter, as it slashed 1,908 staff members during Q1 to reduce its headcount to 3,15,332.
Geographically, the Infosys revenue share from India increased marginally by 0.9 percent to 3.1 percent of the total. North America fell by 0.7 percent to 58.9 percent of total revenues, while Europe's share declined marginally by 0.2 percent to 28.4 percent.
Infosys has remained strong and continued to execute its strategy with agility in the face of shifting market dynamics in the quest for continued success through innovation and client-centric solutions.
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