Infosys Q3 Results: Infosys’ profit increased by 11.4 percent in Q3.. but..!
Infosys Q3 results: India Information technology (IT) giant Infosys has announced its October-December quarter earnings for the financial year 2024-25 (Q3FY25). The company earned a net profit of Rs 6,806 crore during the quarter. This is 11.4 percent more than the company’s net profit in the third quarter of last year. Infosys’ profit in the last third quarter was Rs. 6,106 crores. Also, the company’s profit in the second quarter of this financial year was Rs 2.5 crore. 6,506 crores. Profit increased by 4.6 percent in Q3 compared to Q2.
Revenue in Q3 was Rs 41,764 crore
At the same time, the company’s revenue has increased by 7.6 percent to Rs 41,764 crore in Q3. Compared to the profit of Rs 40,986 crore recorded in this Q2, it has increased by only 1.9 percent. Infosys’ revenue in the third quarter of last year was Rs 38,821 crore. Overall, it raised revenue growth guidance to 4.5 per cent from 3.75-4.5 per cent and margin guidance to 20-22 per cent for the full financial year 2024-25. The IT (information technology) giant’s operating margin rose 0.8 per cent to 21.3 per cent in the December quarter.
increase in number of heads
Record cash flow of $1,263 million was recorded in the third quarter (q3 results). Winning large deals generated a total contract value (TCV) of $2.5 billion. Of these, 63 percent were net new contracts. Additionally, the number of employees increased for the second consecutive quarter indicating continued expansion. On Thursday, January 16, Infosys shares closed at Rs 1,926.20 with a decline of 1.21 percent.