Infosys Reports Strong Q1, Increases Growth Outlook for FY25

Infosys announced a 7% rise in consolidated net profit to Rs 6,368 crore for Q1 FY25 and raised its growth outlook. The company saw significant cash generation, large deal wins, and operating margins of 21.1%. It plans to hire up to 20,000 freshers based on growth performance.

IT major Infosys on Thursday reported a 7 per cent rise in consolidated net profit, reaching Rs 6,368 crore for the June quarter of FY25, while adjusting its growth outlook upward for the financial year.

Compared to the previous year, where the company recorded a profit of Rs 5,945 crore, according to a BSE filing, net profit in April-June fell by 20 per cent from Rs 7,969 crore in the preceding March quarter.

For the current fiscal year, the company revised its revenue growth guidance to 3-4 per cent in constant currency terms, higher than the previously projected 1-3 per cent.

(With inputs from agencies.)