Fri Jan 17 05:24:08 UTC 2025: ## Infosys Beats Q3 Estimates, Raises Revenue Guidance

**Mumbai, India** – Infosys, a leading IT major, reported a strong Q3 FY25 performance, exceeding market expectations with an 11.4% year-on-year increase in net profit to ₹6,806 crore (approximately $825 million USD). This surpasses the ₹6,734 crore predicted by analysts. Revenue also saw a 7.5% rise to ₹41,764 crore (approximately $5 billion USD).

The company’s robust performance led to an upward revision of its FY25 revenue growth guidance to 4.5-5%, marking the eighth revision in the last nine quarters. Infosys attributed the success to its digital offerings and strong large deal wins, totaling $2.5 billion in Total Contract Value (TCV). This includes a significant portion of net new business (63%).

Despite the positive results, Infosys shares closed 1.5% lower at ₹1,920 apiece on the BSE. While the operating margin increased slightly to 21.3%, it was marginally impacted by furloughs. Geographical performance showed strong growth in North America (4.9%) and Europe (11.9%), while the rest of the world experienced a decline.

The company also reported a net addition of 5,591 employees, reversing a previous trend of headcount reduction. Infosys plans to hire 15,000-20,000 freshers in FY25. Attrition, however, increased to 13.7%.

CEO and MD Salil Parekh expressed confidence in the company’s future, highlighting the strong deal pipeline and increasing client traction in generative AI. The results were announced alongside news of India’s Largest Regional Retail Option Traders Summit (BOTS), organized by Traders Gurukul. This event, held on the 2nd or 3rd Sunday of each month, focuses on options trading. Further details on the crypto market’s top gainers and losers were not provided in the release.

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