Infosys Q1 net profit rises 7% to Rs 6,368 crore, raises FY25 guidance.

BENGALURU: The country’s second-largest IT services company, Infosys, on Thursday beat street estimates and posted a 7% increase in its consolidated net profit for the June quarter at Rs 6,368 crore.

In the same quarter last year, Infosys posted Rs 5,945. Its revenues in the June quarter stood at Rs 39,315 crore, up 3.6% compared to Rs 37,933 crore in the year-ago period. Its operating margin was at 21.1%, growth of 0.3% y-o-y.

The company has raised its FY25 revenue growth guidance to 3%-4% in constant currency from 1%-3%.

“We had an excellent start to FY25 with strong and broad-based growth, operating margin expansion, robust large deals, and highest ever cash generation,” said Salil Parekh, CEO and MD.

“With our focused approach for generative AI for enterprises working with their data sets on a cloud foundation, we have strong traction with our clients. This is building on our Topaz and Cobalt capabilities,” he added.