Infosys FY23Q1 Results: IT major Infosys on Sunday reported a consolidated net profit of Rs 5,360 crore for the June 2022 quarter, a growth of 3.2 per cent as compared with Rs 5,195 crore in the year-ago quarter. The company’s revenue jumped 23.6 per cent to Rs 34,470 crore, against Rs 27,896 crore in the June 2021 quarter.
Brokerage houses expected the company to report revenue growth of 4-6 per cent quarter-on-quarter (q-o-q) to Rs 34,036 crore in June 2022 quarter, led by momentum from financial services, retail, communication, energy and manufacturing.
During the March 2022 quarter, the company reported a consolidated net profit of Rs 5,686 crore, a growth of 12 per cent as compared with Rs 5,076 crore in the year-ago quarter. The company’s revenue jumped 22.7 per cent to Rs 32,276 crore, against Rs 26,311 crore in the March 2021 quarter.
On the outlook, Infosys has given a revenue growth guidance of 13-15 per cent in the constant currency term for the financial year 2022-23. The guidance on operating margin for FY23 is 21-23 per cent.
Shares of Infosys on Friday fell Rs 26.55, or 1.73 per cent, to close at Rs 1,506.30 apiece on the BSE.
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