Fri Jan 17 04:35:41 UTC 2025: ## Infosys Q3 Profit Up 11.46%, Raises Full-Year Revenue Guidance
**Bengaluru, India** – Infosys, a leading global IT services company, announced a consolidated net profit of ₹6,806 crore (approximately $820 million USD) for the third quarter of fiscal year 2024-25. This represents an 11.46% increase compared to ₹6,106 crore in the same period last year. The company also reported a 7.58% rise in total revenue, reaching ₹41,764 crore ($5 billion USD) from ₹38,821 crore.
Strong growth in the financial services and manufacturing sectors fueled the positive results. Financial services contributed 27.8% to overall revenue, while manufacturing accounted for 15.5%. Infosys also experienced double-digit growth in India and Europe, and approximately 5% year-on-year growth in North America.
Driven by robust client demand, Infosys revised its full-year revenue growth guidance upward to 4.5-5% in constant currency terms. This is a significant increase from the initial projection of 1-3% at the beginning of the fiscal year. The company maintained its operating margin guidance at 20-22%.
CFO Jayesh Sanghrajka announced plans to hire over 15,000 employees in the current fiscal year, and indicated the potential to onboard more than 20,000 freshers in FY2025-26. The company added 5,591 employees net in the December quarter, bringing its total workforce to 323,379.
Sanghrajka also highlighted the company’s reduced reliance on H-1B visas for US operations, stating that over 60% of its US employees are now local hires. This, he said, mitigates risks associated with H-1B visa challenges.
Despite the positive earnings announcement, Infosys shares closed 1.21% lower at ₹1926.20 on the BSE on Thursday.
First Piper 