Infosys Boosts Profit and Raises Growth Forecast for FY25

Infosys Ltd reported a 7% rise in net profit for the first quarter and updated its growth outlook for the current fiscal year. The tech giant saw a net profit of Rs 6,368 crore, an increase from Rs 5,945 crore a year ago, despite a quarter-on-quarter decline.

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

The company's consolidated net profit rose to Rs 6,368 crore for the April-June quarter, compared to Rs 5,945 crore in the same period last year, according to a stock exchange filing. However, net profit fell 20% quarter-on-quarter from Rs 7,969 crore in the January-March period.

Infosys has raised its revenue growth guidance for the current fiscal year to 3-4% in constant currency terms. CEO and MD Salil Parekh highlighted strong growth, operating margin expansion, and robust deals as contributing factors. He also emphasized the firm's focus on generative AI for enterprises and building on Topaz and Cobalt capabilities.

(With inputs from agencies.)