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

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.)