Infosys Reports Strong Start to FY25 with 7% Profit Rise, Raises Growth Outlook

Infosys has reported a 7% increase in consolidated net profit for the June quarter FY25, rising to Rs 6,368 crore. The company has also raised its growth outlook and plans to hire up to 20,000 freshers. Strong large deals and high cash generation are significant contributors to its robust performance.

Infosys, a leading IT major, announced a 7% rise in consolidated net profit for Q1 FY25, reaching Rs 6,368 crore. This marks a notable increase from the Rs 5,945 crore clocked during the same period last year, despite a drop from Rs 7,969 crore in the previous March quarter.

The company has revised its revenue growth guidance for the fiscal year to 3-4% in constant currency terms, up from the earlier projection of 1-3%. It aims to recruit 15,000-20,000 freshers this year to support anticipated growth.

CEO and MD Salil Parekh attributed the strong performance to broad-based growth, operating margin expansion, and significant large deals. With operating margins standing at 21.1%, Infosys expects this to range between 20-22% for the fiscal year. The company noted substantial traction in its generative AI offerings and large deal wins worth USD 4.1 billion during the quarter.

(With inputs from agencies.)