WEB Infosys Q4 Results Live Updates: PAT Rises 11% YoY to Rs 5945 Crore
Infosys Q4 Earnings Live
India's second-largest software services provider, Infosys, has announced its financial results for the fourth quarter (Q4) of the fiscal year (FY) 2024. The company reported an 11% year-over-year (YoY) growth in net profit to Rs. 5945 crores for the quarter ended March 2024.
Key Highlights
- Revenue from operations grew by 20.2% YoY to Rs. 38,318 crores.
- Operating profit before depreciation and amortization (OPBDA) increased by 9.6% YoY to Rs. 8,962 crores.
- Earnings per share (EPS) for the quarter stood at Rs. 15.65, a 10.9% YoY growth.
- The company has sharply trimmed its FY24 revenue growth guidance to 16-17% from the earlier estimate of 16.5-17.5%.
Infosys' management said that the company's performance in Q4 was driven by strong demand from key verticals such as banking, financial services, and insurance (BFSI), manufacturing, and retail. The company also noted that it made progress in digital transformation, cloud, and data analytics during the quarter.
Despite the challenges posed by the global economic slowdown and currency volatility, Infosys remains optimistic about its long-term growth prospects. The company said that it will continue to focus on investing in innovation, digital transformation, and talent development to drive future growth.
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