Infosys share price traded 4.13% lower at ₹1,848.75 at 9:25 AM on the NSE, amid a broader market decline. The company saw an 11.4% rise in Q3 FY25 net profit to ₹6,806 crore, driven by increased discretionary spending in major markets according to the regulatory filing.
Revenue for the quarter surged 7.6% YoY, reaching ₹41,764 crore, surpassing the previous year’s figure of ₹38,821 crore. Sequentially, revenue grew by 1.9% from ₹40,986 crore in Q2.
In constant currency terms, revenue grew 6.1% YoY and 1.7% QoQ. Based on this performance, Infosys revised its full-year revenue growth forecast to 4.5%-5%, up from the previous estimate of 3.75-4.5%.
While the overall outlook remains positive, Infosys expressed caution about certain segments like communications, manufacturing, and high-tech, which could face challenges in the upcoming quarters.
Infosys’ CEO, Salil Parekh, highlighted the improving discretionary spending, particularly in the US and Europe, as a key factor behind the strong performance.
The company experienced growth across several verticals, with financial services increasing by 6.1% year-on-year, manufacturing growing by 10.7%, and life sciences rising by 6.3%.
Parekh highlighted that the company’s unique approach to GenAI is opening up new opportunities. Infosys has developed four specialised language models for sectors including banking, IT operations, cybersecurity, and enterprise.
The company reported a total contract value (TCV) of $2.5 billion, reflecting a steady demand from clients. Infosys also expanded its workforce, adding 5,591 employees in Q3, bringing its total headcount to 323,379.
Infosys has revealed its hiring plans for FY26, with plans to recruit 20,000 freshers. The company also confirmed it is on track to hire 15,000 new campus recruits for FY25, as previously announced.
In Q3, Infosys increased its workforce by 5,591 employees, marking the second consecutive quarter of headcount growth. By the end of Q3 FY25, the company’s total headcount reached 323,379. However, employee attrition rose slightly to 13.7% in Q3, up from 12.9% in the previous quarter.
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Published on: Jan 17, 2025, 9:30 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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