Infosys Reports Robust Q1 Profit Growth, Raises Revenue Outlook

Infosys Ltd, an IT major, on Thursday reported a 7 percent rise in its first-quarter net profit and increased its growth outlook for the current financial year.

The company's consolidated net profit grew to Rs. 6,368 crore in the April-June quarter, up from Rs. 5,945 crore in the same period last year, according to a stock exchange filing by the company.

However, on a quarter-on-quarter basis, Infosys saw a decline, with net profit falling 20 percent from Rs. 7,969 crore in the January-March quarter.

For the current fiscal year, Infosys raised its revenue growth guidance to 3-4 percent in constant currency terms.

''We had an excellent start to FY25 with strong and broad-based growth, operating margin expansion, robust large deals, and the highest ever cash generation. This is a testimony to our differentiated service offerings, enormous client trust, and relentless execution,'' said Salil Parekh, CEO and MD.

''With our focused approach for generative AI for enterprises working with their data sets on a cloud foundation, we have strong traction with our clients. This is building on our Topaz and Cobalt capabilities,'' Parekh added.

(With inputs from agencies.)