Infosys Share Price Climb 1.08% Ahead of Q2 FY25 Financial Results

Infosys Ltd, a global leader in next-generation digital services and consulting, is set to announce its financial results for the second quarter ended September 30, 2024, on Thursday, October 17, 2024, at approximately 3:45 PM. Investors are keenly awaiting the company’s performance.

On October 17, 2024, Infosys share price opened at ₹1,935.20, up from the previous close of ₹1,920.10. By 10:47 AM, the share price had risen to ₹1,940.90, reflecting a 1.08% increase. Notably, just two days prior, on October 15, 2024, the INFY share price reached a 52-week high of ₹1,991.45, showcasing strong market confidence.

In recent developments, Infosys has announced an expanded collaboration with Microsoft, aimed at accelerating customer adoption of generative AI and Microsoft Azure globally. This strategic partnership is designed to help joint customers of Infosys and Microsoft maximise their technology investments and achieve transformative outcomes. Such collaborations indicate Infosys’s commitment to leveraging cutting-edge technologies to enhance its service offerings.

Looking back at the first quarter of FY 2025, which ended in June 2024, Infosys delivered revenues of $4,714 million, representing a sequential growth of 3.6% and a year-on-year growth of 2.5% in constant currency. The company achieved an operating margin of 21.1%, reflecting a sequential expansion of 1%. Additionally, Infosys reported the highest-ever free cash flow at $1,094 million, marking a significant year-on-year increase of 56.5%. The number of large deal wins also hit a record, with 34 deals secured, totalling a TCV of $4.1 billion, 57.6% of which were net new contracts.

As Infosys approaches its Q2 FY25 announcement, the market seems to be optimistic about the company’s ability to navigate challenges and capitalise on growth opportunities in the dynamic tech landscape.

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